3641476
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

evilynb
New Member

Hello I have had my Roth since 2000, I contributed about $6100 in 2022, then took a distribution in 2024 for $6000. Why am I being taxed on the $6000?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JohnB5677
Expert Alumni

Hello I have had my Roth since 2000, I contributed about $6100 in 2022, then took a distribution in 2024 for $6000. Why am I being taxed on the $6000?

Check the code in box 7.

 

  • It should be Q or T
  • These are the codes for a ROTH distribution
  • Anything other than that may be taxed.

If those were not the codes, contact your fund manager

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question