Self employed

No you do not need to calculate the taxable amount.  No, you do not need to request a new 2022 Form 1099-R. You can take out whatever you put into you Roth tax free because you have already paid taxes on the money.

 

You can also make tax-free withdrawals on any additional earnings in your Roth IRA unless either of the following are true:

  • You're making the withdrawal less than five years after establishing the Roth.
  • You're making an early withdrawal (before age 59½) without the exception for death, disability, or the $10,000 first-time homebuyer distribution.
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