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I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?
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posted
June 6, 2019
9:54 AM
last updated
June 06, 2019
9:54 AM
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I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?
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.**
June 6, 2019
9:55 AM
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I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?
It should not.
What code is in the 1099-R box 7 for the Roth distribution?
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.**
June 6, 2019
9:55 AM
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I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?
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.**
June 6, 2019
9:55 AM
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