Figure 2-1. Is the Distribution from Your Roth IRA. Taxable?
Summary: This flowchart is used to determine if distributions from a Roth IRA. are taxable.
Start Here
This is the starting of the flowchart.
Decision (1)
Has it been at least 5 years from the beginning of the year in which you first set up and contributed to a Roth IRA. ?
- IF Yes Continue To Decision (2)
- IF No Continue To Process (b)
Decision (2)
Were you at least 59 1/2 years old at the time of the distribution?
- IF No Continue To Decision (3)
- IF Yes Continue To Process (a)
Decision (3)
Is the distribution being used to buy or rebuild a first home as Explained in First Home under when Can I Withdraw or Use Assets in chapter 1?
- IF No Continue To Decision (4)
- IF Yes Continue To Process (a)
Decision (4)
Is the distribution due to your being disabled?
- IF No Continue To Decision (5)
- IF Yes Continue To Process (a)
Decision (5)
Was the distribution made to your beneficiary or your estate after your death?
- IF Yes Continue To Process (a)
- IF No Continue To Process (b)
Process (a)
The distribution from the Roth IRA. is a qualified distribution. It is not subject to tax or penalty.
Process (b)
The distribution from the Roth IRA. is not a qualified distribution. The portion of the distribution allocable to earnings may be subject to tax and it may be subject to the 10% additional tax.
End
This is the ending of the flowchart.
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