Form 1099-R code J indicate Early distribution from a Roth IRA, no known exception (in most cases, under age 59 1/2). Before making any Roth IRA plan withdrawals, know the difference between “qualified” and “non-qualified” distributions. What Are Qualified Distributions? <a rel="nofollow" target="_blank" href="
https://www.irs.gov/publications/p590b#en_US_2016_publink1000231061">https://www.irs.gov/publication...> A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements. It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, and The payment or distribution is: Made on or after the date you reach age 59½, Made because you are disabled (defined earlier), Made to a beneficiary or to your estate after your death, or One that meets the requirements listed under a First home under Exceptions in chapter 1 (up to a $ 10,000-lifetime limit). Nonqualified distributions <a rel="nofollow" target="_blank" href="
https://www.irs.gov/retirement-plans/designated-roth-accounts-distributions">https://www.irs.gov/ret...> A distribution that is not a qualified distribution will be partially included in gross income if there are earnings in the account. The distribution will be treated as coming pro-rata from earnings and contributions (basis). The 10% tax on early withdrawals may apply to the part of the distribution that is includible in gross income. How to calculate the taxable portion of the distribution<a rel="nofollow" target="_blank" href="
https://ttlc.intuit.com/replies/5336637">https://ttlc.intuit.com/replies/5336637</a> [Edited: 01/16/2018 [6:49]]
