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Retirement tax questions
It depends, if it was a Nonqualified Distribution then TurboTax will create Form 8606 with part III filled out. But if it was a Qualified Distributions Form 8606 will not be created.
It seems that it should be a Qualified Distribution since your wife is over 59 1/2 and had the Roth IRA for more than 5 years. As a Qualified Distribution, this distribution will not be taxable.
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March 12, 2022
10:56 AM