Question

Why am I being taxed for withdrawals from a Roth IRA which meets the standard for exemption?

I am over sixty and I have owned the account for over five years.

Employee

What is the distribution code in Box 7 of your 1099-R?

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

What is the code in box 7? It should be Q, if not then you might have to contact the issuer.

You can verify your entries by looking at line 4b taxable amount should be $0.

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