ROTH distribution (1099R Code Q)

babs24 — Sun, 02 Feb 2025 19:25:05 GMT

My second year for taking a ROTH distribution (1099R Code Q) and Turbo Tax is asking for "net regular contributions prior to 2040". How do I know what was originally opened (before interest added) when over ten years old.

Re: ROTH distribution (1099R Code Q)

dmertz — Mon, 03 Feb 2025 05:35:41 GMT

Code Q indicates that your Roth IRA distributions are qualified distributions, so there is no need to enter the amount of your past Roth IRA contributions. That amount is only needed when preparing Form 8606 Part III and you no longer file Form 8606 Part III once you've met the requirements for qualified Roth IRA distributions. You can enter any number you like or leave it blank. It won't get used in preparing your tax return.

topic ROTH distribution (1099R Code Q) in Retirement tax questions

ROTH distribution (1099R Code Q)

Re: ROTH distribution (1099R Code Q)