I was over 59-1/2 when I withdrew $50,000 from my Roth IRA. All contributions to it were made over 5 years ago. Why is turbo tax including this as taxable income?

[NCperson]

@dwleider go back and read each and every question TT is asking VERY closely.  You may have answered something incorrectly.  What is the code in Box 7 of form 1099-R. 

Agree that if the Roth has been open at least five calendar years and you are over 59.5 years old, it is not taxable. 

[dwleider]

T is the code in box 7. I ended up deleting the 1099R  for the Roth IRA distribution and then re-entered it. I'm pretty certain I entered the same info the second time, but this time Turbo Tax did not treat my ROTH IRA distribution as taxable. 

[NCperson]

That "T" code means that while your IRA administrator knows you are over 59.5, it isn't confident the account has been open for 5 years.  this can often occur if you moved the account from one firm to another.  So, how you answer the questions that TT poses, will get you to not taxable.