- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
This should not be taxable, at least not with Code Q. Also if you are over 59 1/2, Code T shouldn't apply also because you wouldn't need an exception to avoid the early withdrawal penalty. Also you have met the five-year holding period.
Make sure on the 1099R(R's),you have checked the box that says the IRA/Sep/Simple box is checked on my copy of the 1099R. Also go to tax tools>tools>view tax summary>preview my 1040. Look on the 1040 to see if there are amounts listed on line 4B that reflect your Roth distributions?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 23, 2022
5:05 PM