https://ttlc.intuit.com/community/retirement/discussion/re-roth-ira-distributions/01/3708967#M252771 <P><SPAN>Contributions to a Roth IRA are:</SPAN></P> <P><SPAN>1. Taxed at the time of contribution so</SPAN></P> <P><SPAN>2. The account grows tax free meaning</SPAN></P> <P><SPAN>3. Distributions are not taxed</SPAN></P> <P>&nbsp;</P> <P>A Roth Conversion means funds were moved from a tax deferred account (like a Traditional IRA) into the Roth IRA.&nbsp; The amount of the conversion</P> <P>1. Is taxable as ordinary income in the year of conversion</P> <P>2. There is no penalty</P> <P>3. Can be done regardless of age or AGI</P> Wed, 22 Oct 2025 20:40:52 GMT Jennifer_A 2025-10-22T20:40:52Z https://ttlc.intuit.com/community/retirement/discussion/roth-ira-distributions/01/3708861#M252770 <P>I am Older than 59 1/2 Years of Age. I have had a ROTH IRA for Over 25 Years (CONTRIBUTION ROTH IRA). I did a ROTH IRA CONVERSION at Age 60. Will I have to Pay Any TAXES or PENALTIES on ANY of the DISTRIBUTIONS from Either the CONTRIBUTION ROTH IRA or the CONVERSION ROTH IRA?</P> Wed, 22 Oct 2025 19:09:36 GMT https://ttlc.intuit.com/community/retirement/discussion/roth-ira-distributions/01/3708861#M252770 WTANK17BE1 2025-10-22T19:09:36Z https://ttlc.intuit.com/community/retirement/discussion/re-roth-ira-distributions/01/3708967#M252771 <P><SPAN>Contributions to a Roth IRA are:</SPAN></P> <P><SPAN>1. Taxed at the time of contribution so</SPAN></P> <P><SPAN>2. The account grows tax free meaning</SPAN></P> <P><SPAN>3. Distributions are not taxed</SPAN></P> <P>&nbsp;</P> <P>A Roth Conversion means funds were moved from a tax deferred account (like a Traditional IRA) into the Roth IRA.&nbsp; The amount of the conversion</P> <P>1. Is taxable as ordinary income in the year of conversion</P> <P>2. There is no penalty</P> <P>3. Can be done regardless of age or AGI</P> Wed, 22 Oct 2025 20:40:52 GMT https://ttlc.intuit.com/community/retirement/discussion/re-roth-ira-distributions/01/3708967#M252771 Jennifer_A 2025-10-22T20:40:52Z