MinhT1
Expert Alumni

Retirement tax questions

On form 1040, line 4a shows the total IRA distributions and line 4b shows the taxable amount.

 

Some IRA distributions such as rollovers are not taxable.

 

Also qualified Roth IRA distributions (when owner is aged 59 1/2 and over , and Roth account is more than 5 years old) are not taxable.

 

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