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R
rosielilgracie-g
April 7, 2025
Question

My 1099-R for a roth IRA distribution is being taxed as income. I am 80 years old, and the roth ira was opened a long time ago. Shouldn't that distribution be tax-free?

  • April 7, 2025
  • 1 reply
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    1 reply

    D
    DanaB27
    April 7, 2025

    To clarify, what is the code in box 7 of your Form 1099-R?

     

    If you had the Roth IRA for 5 years then your distributions should be Qualified Distributions and tax-free. Your Form 1099-R should have code T or Q. Please check your Form 1040 line 4b for the taxable amount. 

     

    To preview Form 1040 in TurboTax Online:

     

    1. Click on "Tax Tools" in the left menu
    2. Click "Tools"
    3. Click "View Tax Summary" in the Tool Center window
    4. Click on "Preview my 1040" on the left
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