DanaB27
Expert Alumni

Retirement tax questions

Yes, you will just take a regular $200 regular distribution anytime in 2022 (by December 31, 2022) and you will get a 2022 Form 1099-R next year.

 

On your 2022 tax return you will enter the 2022 Form 1099-R and make sure to answer all the follow-up questions carefully and enter the net contributions prior to 2022 on the "Enter Prior Year Roth IRA Contributions" screen. The distribution should not be taxable.

 

@colal

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