topic Roth IRa cashed out code T shows no taxable amount in Retirement tax questions

Roth IRa cashed out code T shows no taxable amount

phyzx — Mon, 23 Feb 2026 12:52:59 GMT

Initial start up was 6.5k. Cashed out with +10k after 7 years. The 1099-R form shows no taxable amount and the 2b check box checked for 'Taxable Amount Not Determined'.

In fact the rest of the amounts are $0.00.

Distribution code T. Held Roth for 5 years now age 67.

Is this truly tax free? I have to get affirmation because nothing is tax free.

Re: Roth IRa cashed out code T shows no taxable amount

fanfare — Fri, 10 Feb 2023 12:21:57 GMT

That's the whole point of a Roth IRA -- tax- free growth.

You should have known that going in.

@phyzx

Re: Roth IRa cashed out code T shows no taxable amount

phyzx — Mon, 13 Feb 2023 03:29:18 GMT

There are two requirements for a withdrawal to count as a qualified distribution:

Age: You may be hit with a 10% tax penalty and income taxes on any investment earnings you withdraw before age 59½. (There are some exceptions to this “early withdrawal” penalty.)
Time: Here’s where the “five-year rule” comes into play. Roth IRA owners must have their account for at least five years to avoid paying income tax on any withdrawn investment earnings.

This is the legal description. It is a positive one in my case.