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?

mariettae58 · ‎May 8, 2021

macuser_22 · ‎May 8, 2021

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?

**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.**

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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?

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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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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