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 ...
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...
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...