topic If you withdraw money out of a money market account and then take that money and put it all in a Roth IRA...do you still need to pay the tax on the initial withdrawl? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/if-you-withdraw-money-out-of-a-money-market-account-and-then-take-that-money-and-put-it-all-in-a/01/3802803#M261091 Thu, 26 Feb 2026 12:53:44 GMT jhemilsson 2026-02-26T12:53:44Z If you withdraw money out of a money market account and then take that money and put it all in a Roth IRA...do you still need to pay the tax on the initial withdrawl? https://ttlc.intuit.com/community/retirement/discussion/if-you-withdraw-money-out-of-a-money-market-account-and-then-take-that-money-and-put-it-all-in-a/01/3802803#M261091 Thu, 26 Feb 2026 12:53:44 GMT https://ttlc.intuit.com/community/retirement/discussion/if-you-withdraw-money-out-of-a-money-market-account-and-then-take-that-money-and-put-it-all-in-a/01/3802803#M261091 jhemilsson 2026-02-26T12:53:44Z Re: If you withdraw money out of a money market account and then take that money and put it all i... https://ttlc.intuit.com/community/retirement/discussion/re-if-you-withdraw-money-out-of-a-money-market-account-and-then-take-that-money-and-put-it-all-i/01/3802806#M261092 <P>No.</P> <P>&nbsp;</P> <P>A money-market account is a personal account and withdrawals from it are not taxed.</P> Thu, 26 Feb 2026 12:56:16 GMT https://ttlc.intuit.com/community/retirement/discussion/re-if-you-withdraw-money-out-of-a-money-market-account-and-then-take-that-money-and-put-it-all-i/01/3802806#M261092 MinhT1 2026-02-26T12:56:16Z Re: If you withdraw money out of a money market account and then take that money and put it all i... https://ttlc.intuit.com/community/retirement/discussion/re-if-you-withdraw-money-out-of-a-money-market-account-and-then-take-that-money-and-put-it-all-i/01/3804704#M261243 <P>If you earned more than $10, you will get a 1099-DIV for a money market account active in 2025, and you have to report it.</P><P>It has nothing to do with a Roth IRA.</P><P>&nbsp;</P><P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5990923">@jhemilsson</a>&nbsp;</P> Fri, 27 Feb 2026 02:59:46 GMT https://ttlc.intuit.com/community/retirement/discussion/re-if-you-withdraw-money-out-of-a-money-market-account-and-then-take-that-money-and-put-it-all-i/01/3804704#M261243 fanfare 2026-02-27T02:59:46Z