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Level 2
April 6, 2021
Question

Roth IRA Withdrawal

  • April 6, 2021
  • 4 replies
  • 12 views

I made a an Roth IRA withdrawal from Fidelity which was funded from after tax contributions to my employer 401K.  On Fidelity 1099R, Box 2B is checked (Taxable amount not determined) and Box 7 has code T. Why is this being taxed? 

    4 replies

    ColeenD3
    Level 15
    April 6, 2021

    How exactly did you answer each question, such as having other Roth accounts, how much you contributed, having a Roth open on December 31? I went through the program three times, changing answers each time and could not make it taxable.

    Level 15
    April 6, 2021

    Also, what answer did you provide when TurboTax asked if you had a Roth IRA prior to 2016?

    letestudAuthor
    Level 2
    April 6, 2021

    My Roth IRA was only opened in Jan. 2020