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My 1099-R for a roth IRA distribution is being taxed as income. I am 80 years old, and the roth ira was opened a long time ago. Shouldn't that distribution be tax-free?

 
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DanaB27
Employee Tax Expert

My 1099-R for a roth IRA distribution is being taxed as income. I am 80 years old, and the roth ira was opened a long time ago. Shouldn't that distribution be tax-free?

To clarify, what is the code in box 7 of your Form 1099-R?

 

If you had the Roth IRA for 5 years then your distributions should be Qualified Distributions and tax-free. Your Form 1099-R should have code T or Q. Please check your Form 1040 line 4b for the taxable amount. 

 

To preview Form 1040 in TurboTax Online:

 

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
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