How do i determine taxable amount on sale of stock in a ROTH IRA?. the distribution code in on 1099R form box 7 isQ

Forum|Forum|4 years ago
March 22, 2022
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TurboTax Deluxe Online

You don't. A code Q in Box 7 means that your distribution is a qualified distribution and thus it is not taxable. You will enter your 1099-R into TurboTax. Upon entering code Q, TurboTax will calculate that the distribution, while included on your tax return, is nonetheless a non-taxable distribution. Your Form 1040 at line 4a will include the amount reflected on your 1099-R; however, line 4b will reflect no taxable amount.

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