I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?

gnh9268 · ‎June 6, 2019

macuser_22 · ‎June 6, 2019

Code T indicates that the issuer do not know if the Roth was held for 5 years. Be sure to answer yes to that question in the interview. The box 1 amount should be on the 1040 form line 15a and zero on 15b for the taxable amount.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22 · ‎June 6, 2019

It should not.

What code is in the 1099-R box 7 for the Roth distribution?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

macuser_22 · ‎June 6, 2019

Code T indicates that the issuer do not know if the Roth was held for 5 years. Be sure to answer yes to that question in the interview. The box 1 amount should be on the 1040 form line 15a and zero on 15b for the taxable amount.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?