I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?
02711
1 Best answer
macuser_22
Level 15
Jun 6, 2019 9:55:03 AM
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.
2 Replies
macuser_22
Level 15
Jun 6, 2019 9:55:00 AM
It should not.
What code is in the 1099-R box 7 for the Roth distribution?
macuser_22
Level 15
Jun 6, 2019 9:55:03 AM
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.