Brach1
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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 ...
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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...
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Please note: By definition, a"qualified distribution" from a Roth IRA is tax free and penalty free.
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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...
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