ThomasM125
Expert Alumni

Retirement tax questions

Code J (early distribution), T (ROTH IRA distribution with exception) or Q (qualified distributions) would be used for distributions from a individual ROTH IRA. The code should be listed on the 1099-R form you received from the pension company.

 

If it was a normal distribution, meaning it was after you reached the age of 59 1/2 and you held the investment for at least five years, then there would be no tax or penalty on the distribution. Otherwise, the amount you contributed would not be taxable but the income portion may be subject to tax and penalty.

 

[Edited 1/27/25 at 11:06 AM PST]

@dpbehler 

 

 

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