We took two small distributions from our respective Roth IRAs in 2018, category Q. Roth IRAs were established ten+ years. We are both well over 59.5 age. We took large distributions in '15, entire amount was non-taxable per 2015 TT?
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A code Q is always not taxable.
It will show as income on the summary screen which shows gross income, not taxable income.
The IRS requires reporting all income on a *income* tax return - taxable and not-taxable.
The taxable amount will go on the 1040 line 4b.
A code Q is always not taxable.
It will show as income on the summary screen which shows gross income, not taxable income.
The IRS requires reporting all income on a *income* tax return - taxable and not-taxable.
The taxable amount will go on the 1040 line 4b.
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