Menu

TaxBuzz Guides
Categories

Need help selecting a firm?

Tell us about your project and get introduced to the best accounting and tax firm for your needs.

Get Started

Qualified Roth Distributions

Distributions from a Roth are non-taxable only if they are “qualified distributions.”

Qualified Distribution Definition - A qualified distribution is generally any payment or distribution from a Roth IRA:

  1. That meets the five-year aging requirement discussed below (Sec 408(d)(2)(B)), AND
  2. That meets one of the following conditions (Sec 408(d)(2)(A)):
    1. The distribution is made after the IRA owner reaches the age of 59-1/2
    2. The distribution is made after death of the individual
    3. The distribution is made on account of the owner becoming disabled
    4. The distribution is for first-time homebuyer expenses, as detailed in chapter 4.10 on Early Withdrawal Penalty Exceptions.  

TaxBuzz Guides