About Brach1

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Solved Re: Turbo Tax Deluxe 2020 - Early Unqualified Roth Ira withdrawal

MarilynG1, Employee Tax Expert:Code T is "Roth distribution, exception applies." Code T does not indicate "Payor does not know if the 5-year holding period has ...

Brach1

1

Updated Apr 08, 2023
Re: If held more than 5 years and is non-taxable - how is ent...

The purpose of Form 8606 (Part III) is to compute the amount of UNQUALIFIED distributions from Roth IRAs that is taxable.If your 1099-R shows code J or T, Turbo...

Brach1

2

Updated Apr 30, 2021
Solved Re: It depends For Roth IRAs, you can always withdraw post-t...

Please note: By definition, a"qualified distribution" from a Roth IRA is tax free and penalty free.

Brach1

Updated Apr 08, 2023
Solved Re: It depends For Roth IRAs, you can always withdraw post-t...

mjdavern33 wrote that "code J indicates regular distributions, not returns of contributions."He is WRONG. Code J is "Early distribution from a Roth IRA." Hardly...

Brach1

Updated Apr 08, 2023

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Date Registered	‎March 28, 2021 10:04 PM
Date Last Visited	‎May 11, 2021 8:23 PM
Total Messages Posted	4

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