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Roth IRA Distribution Code T
I'm taking a distribution on my Roth IRA that I first contributed towards about 15 years ago. The Roth IRA is with Schwab now, but I have rolled it over a couple of times from different companies since it's inception. Schwab is indicating they'll put distribution code "T" on the 1099. Since I am over 59 1/2 and it's been greater than 5 years since I first started contributing to the Roth IRA will I be able to override the code T on the 1099 in Turbotax to show it as a "qualified" distribution and not have to pay taxes on it?
‎December 6, 2023
7:17 PM