Figure 2-1. Is the Distribution from Your Roth IRA a Qualified Distribution?
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 for which you first opened 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 (defined under Early Distributions in chapter 1)?
| IF No Continue To Decision (5) |
| IF Yes Continue To Process (a) |
Decision (5)
Was the distribution made to the owner's beneficiary or estate?
| 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 isn't subject to tax or penalty.
| Continue To End |
Process (b)
The distribution from the Roth IRA. isn't 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.
| Continue To End |
End
This is the ending of the flowchart.