1099-R coded J, early distribution because he turns 59 1/2 in 2019. Just the 10% penalty? asking if it is a QUALIFIED distribution...What would make it qualified?

rflindemann · ‎12-07-2019

TaxGuyBill · ‎12-07-2019

Publication 590b:

What Are Qualified Distributions?

A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements.

It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, and
The payment or distribution is:
1. Made on or after the date you reach age 59½,
2. Made because you are disabled (defined earlier),
3. Made to a beneficiary or to your estate after your death, or
4. One that meets the requirements listed under First home under Exceptions in chapter 1 (up to a $10,000 lifetime limit).

https://www.irs.gov/publications/p590b#en_US_2018_publink1000231061

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Just-Lisa-Now- · ‎12-07-2019

Its probably got a pink error on the IRA worksheet somewhere wanting a box to be marked asking when the Roth was opened (or something to that effect), right?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Kaye · ‎03-02-2020

What about a return of a ROTH contribution coded J. How do I get it to show as non-taxable?