topic Mom died in June 2014, I inherited her ROTH IRA August 2014, and liquidated the full amount in 2021. Tax form has a “T” in Box 7. Is this money taxable? in Retirement tax questions

Mom died in June 2014, I inherited her ROTH IRA August 2014, and liquidated the full amount in 2021. Tax form has a “T” in Box 7. Is this money taxable?

gary08022 — Mon, 09 Mar 2026 09:13:15 GMT

I should also mention that I did take my RMD each year.

Re: Mom died in June 2014, I inherited her ROTH IRA August 2014, and liquidated the full amount i...

HelenC12 — Thu, 03 Mar 2022 19:17:00 GMT

No, the Roth IRA distribution is not taxable nor subject to penalty.

A code T in box 7 of 1099-R is for a Roth IRA distribution, when an exception applies. It is used for a distribution from a Roth IRA if the IRA custodian does not know if the 5-year holding period has been met but:

The participant has reached age 59 & 1/2
The participant died, or
The participant is disabled

Source: DDollar

Re: Mom died in June 2014, I inherited her ROTH IRA August 2014, and liquidated the full amount i...

gary08022 — Thu, 03 Mar 2022 19:25:29 GMT

Thank you.