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June 6, 2019
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I am 73, my Roth was opened in 2009, so why does turbotax include my Roth payout as taxable?

  • June 6, 2019
  • 2 replies
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Best answer by macuser_22

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
Alumni - Champ
Alumni - Champ
June 6, 2019
It should not.

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.**
macuser_22
Alumni - Champ
Alumni - Champ
June 6, 2019

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.**