Tax Help Archives  
>
                
		      <map name=


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.

Continue To End

Process (b). The distribution from the Roth IRA. is not a qualified distribution. It may be subject to tax and it may be subject to penalty.

Continue To End

End. This is the ending of the flowchart.