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    DAVE231's Avatar
    DAVE231 Posts: 91, Reputation: 9
    Junior Member
     
    #1

    Feb 1, 2011, 12:28 PM
    Distribution from Roth IRA.
    In 2010 I took a withdrawl from my Roth IRA. I've had this IRA for twelve years and I am 63, so this was a qualified distribution. Today I received a 1099-R showing this withdrawl. Even though I know that it isn't taxable, do I still need to report it somewhere on my 1040 tax return? Thanks in advance for your time. Dave.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,834, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 11, 2011, 02:54 PM
    Yes, you DO need to report the withdrawal as a non-taxable withdrawal on Line 15a of Form 1040.
    DAVE231's Avatar
    DAVE231 Posts: 91, Reputation: 9
    Junior Member
     
    #3

    Feb 11, 2011, 03:35 PM
    Thank you AtlantaTaxExpert.You're the best! If you ever come to Connecticut, let me know. I'd like to buy you lunch. Thanks again.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,834, Reputation: 846
    Senior Tax Expert
     
    #4

    Feb 11, 2011, 03:47 PM
    I will take yo up on that, if I can find you. Connecticut is a BIG state!

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