DanaB27
Expert Alumni

Retirement tax questions

First, if you are over 59 1/2 and had the Roth IRA for 5 years then your distributions would be Qualified Distributions and you don't really have to worry about entering the net contributions prior to 2022 since all your distributions will be non-taxable. What code do you have in box 7?

 

 

1) Yes, the designated Roth account contributions will be included in the prior year's Roth contribution amount (Roth basis). Please see Calculation of Roth basis for additional information.

 

2) You might look at your past Form W-2: Your Designated Roth contributions under a section 401(k) plan should be listed in box 12 with code AA.

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