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New Member
posted May 8, 2021 7:46:02 PM

In 2016 I rolled my Roth Ira from Voya to Fidelity Investments, so why at 81 years of age can I not take a little money out without having to pay tax on it?

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1 Replies
Level 15
May 8, 2021 7:51:47 PM

There are two questions here.

 

An internal trusted-to-trustee transfer should not generate a 1099-R, but some trustees issue one anyway.  A rollover is not tamable.

 

Roth IRA distribution over age 59 1/2 should have a code Q in box 7 on the 1099-R that makes it not taxable.

 

Why do you think it is taxable?  What code is in box 7?