dmertz
Level 15

Retirement tax questions

You made no Roth IRA contribution.  You did a Roth conversion, $1,000 of which was nontaxable and $100 of which was taxable.

 

If you have no other money in Roth IRAs, the first $100 that you take out before 2028 will be subject to a 10% early-distribution penalty if you are under age 59½ at the time, but no income tax.  The remaining $1,000 will come out second with no tax or penalty.

 

Read IRS Pub 590-B.