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Retirement tax questions
I am over 59 1/2 years of age. Do I have to worry about dates of contributions and conversions anymore for withdrawal purposes anymore? Does TurboTax need to have all this information when I make a withdrawal from my Roth next year in 2024? I ask because I've been making regular conversions for three years. I recognize that the principal amount I converted is always withdrawable after age 59 1/2, but do I still have to wait 5 years to withdraw the interest/dividends earned on that contribution or can I withdraw it all next year? In general, is TT going to need to calculate the basis at all after one turns 59 1/2?
‎April 27, 2023
12:19 PM