Is a distribution from my ROTH IRA counted as income?

lynnilangston · ‎March 2, 2022

macuser_22 · ‎March 2, 2022

Yes it is income reported on the 1040 form line 4a but probably not taxable income on line 4b.

**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.**

MinhT1 · ‎March 2, 2022

In general, ROTH IRA distributions are not taxable.

However, there are exceptions:

If your Roth IRA is less than 5 years old, the earnings portion of the distribution is taxable, and if you are under 59 1/2, that earnings portion is also subject to the 10% early withdrawl penalty.

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Is a distribution from my ROTH IRA counted as income?