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Retirement tax questions
To clarify, what is the code in box 7 of your Form 1099-R?
If you had the Roth IRA for 5 years then your distributions should be Qualified Distributions and tax-free. Your Form 1099-R should have code T or Q. Please check your Form 1040 line 4b for the taxable amount.
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
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2 weeks ago