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Level 1
February 1, 2024
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Does my Roth 1099R distribution count as income and do I need to report this on my taxes?

  • February 1, 2024
  • 1 reply
  • 20 views
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Best answer by DaveF1006

No it should not count as income provided you are over the mandatory retirement age of 59 1/2 and you own the Roth account for at least five years. If not, the earnings earned on your Roth account are taxable.

1 reply

DaveF1006
DaveF1006Answer
Level 15
February 1, 2024

No it should not count as income provided you are over the mandatory retirement age of 59 1/2 and you own the Roth account for at least five years. If not, the earnings earned on your Roth account are taxable.

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