Permalink Submitted by Alan - IRA critic on Thu, 2021-03-11 02:56
If you first contributed to a Roth IRA over 5 years ago, then your Roth is entirely tax free. If you file a tax return you would report the amount you received on line 4a of Form 1040, but 0 on 4b. You will get a 1099R from the Roth custodian in the January after the year you distributed the account. If you have not had the account for 5 years, please advise.
Permalink Submitted by Alan - IRA critic on Thu, 2021-03-11 02:56
If you first contributed to a Roth IRA over 5 years ago, then your Roth is entirely tax free. If you file a tax return you would report the amount you received on line 4a of Form 1040, but 0 on 4b. You will get a 1099R from the Roth custodian in the January after the year you distributed the account. If you have not had the account for 5 years, please advise.