- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"Should this be changed"
The 1099-R is for money Out, by the reporting entity that doesn't know everything about your taxpayer.
"Use Code T for a distribution from a Roth IRA if you do not know if the 5-year holding period has been met but: The participant has reached age 59 1/2, The participant died, or. The participant is disabled."
"Only use Code Q, Qualified distribution from a Roth IRA, when the IRA owner has met the five-year waiting period and is either age 59½ or older, has died, or is disabled (assuming there is proof of the disability)."
Because the 5-year account holding period could be met from having a different Roth IRA account somewhere else. Or maybe it isn't met. It certainly wasn't met with that account. Therefore, the issuing entity used T.
Don't yell at us; we're volunteers