- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
No, the law hasn't been changed. To verify, when you check line 4b of Form 1040 it shows the Roth distribution as taxable? What is the code in box 7 of your Form 1099-R?
To preview Form 1040 in TurboTax Online:
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
If you had the Roth IRA for 5 years then this should be a Qualified Distribution since you are over 59 1/2. Your Form 1099-R should have code T or Q.
- Login to your TurboTax Account
- Click on "Search" on the top and type “1099-R”
- Click on “Jump to 1099-R” and enter all your 1099-Rs
- Click "Continue" on the "Review your 1099-R info" screen after you entered all you Form 1099-R
- Answer "Owned Any Roth IRA for Five Years?" screen
- Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen (if you had the Roth IRA for 5 years and have code T or Q in box 7 of Form 1099-R then you can ignore this question.)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 9, 2025
3:34 AM