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Roth IRA
At the age of 64 I made a Roth IRA withdrawal. The 1099-R I received from Fidelity has the taxable income, box 2a, as 0, Box 5 states Roth contribution is equal with distribution, and box 7 is filled with "B" which indicates a Roth distribution.
The IRS wants to tax the distribution saying they can't determine if the distribution is a pension or an annuity.
Having sent a couple explanatory responses I am now going to call them.
Any thoughts on why the IRS is not seeing this as a nontaxable Roth distribution?
‎February 29, 2024
9:40 AM