ljharris
Level 1
03-20-2026
03:43 PM
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MY QUESTION IS I have a client that took out a distribution for a Roth IRA box 2 is blank and taxable amount not determined box is marked. Distribution code is J. Client is insisting that the amount is not taxable as he only took out his contributions not his earnings. Can someone please help me ?
Is this taxable or not? as the program keeps marking it taxable with the penelty!