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Roth distribution
I took a distribution in 2016 from my Roth account which was held by Fidelity Investments. Form 1099-R had T in block 7-distribution code. The Roth account was original setup with Vanguard in 2007 when I was 65. Proceeds were transferred from a traditional IRA. I transferred the account in the entirety to Fidelity in 2013. According to Fidelity withdrawals are taxable unless held for 5 years and the amount I took out was a taxable. Fidelity states they cannot change the 1099-R. I am still working on my 2016 1040 but need to know how to handle this distribution since it should not be taxable.
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‎June 6, 2019
3:25 AM