1099R Distribution Code J-Roth

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • zeros
    Senior Member
    • Dec 2006
    • 921

    #1

    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    Client received 1099R with distribution code J. He is about 50 years old and says this is the earnings as he has withdrawn the principal in earlier years.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?
  • solomon
    Senior Member
    • Aug 2006
    • 1012

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

    Comment

    Working...