Announcement

Collapse
No announcement yet.

1099R Distribution Code J-Roth

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    1099R Distribution Code J-Roth

    Client received 1099R with distribution code J. He is about 50 years old and says this is the earnings as he has withdrawn the principal in earlier years. I would say that these earnings would be taxable along with 10% penalty? Is this correct?

    #2
    Won't the 8606 require the previous distributions?

    Comment

    Working...
    X