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H
Hannahpdx
March 12, 2025
Question

1099B

  • March 12, 2025
  • 1 reply
  • 0 views

My husband (over age 59.5) withdrew $ from a Roth he’s had more than 5 years. TurboTax keeps asking for a 1099-B. Brokerage doesn’t provide a 1099 B for a Roth withdrawal. Isn’t a qualified Roth withdrawal tax free?  Thank you! 

    1 reply

    M
    MinhT1
    March 12, 2025

    The Roth withdrawal is reported on form 1099-R, not 1099-B.

     

    Yes, a qualified Roth withdrawal is tax-free. But you still have to enter your form 1099-R on your tax return.

     

    Please read this IRS document for more information.

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