Reply To: Qualified Roth Distributions

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#7326
agawam27
Participant

One more follow-on question (sorry).

If I take a PARTIAL (instead of FULL) distribution from my Roth IRA:

1. I’m assuming, per your previous response, it would still be a Qualified Distribution (no taxes or penalties) since I’m over 59 1/2 years old and my “first legal Roth contribution was prior to 2016“.
2. I’m also assuming, per your previous response, I would reflect this Partial distribution on Line 4a of my 1040 (nothing on 4b.)
3. However, would I now need to complete Form 8606 since it is for a Partial (not Full) distribution?
4. And if Form 8606 is needed, does it matter what the Partial distribution includes? i.e. Contributions only, Conversions/Rollovers only, or only Roth Earnings?

Thanks again!