Are distributions of Voluntary after tax contributions with a basis of 100%, that are rolled over to a roth (that has met the 5 year roth aging rule) for a 59.5 year old participant 100% free of tax regardless of when withdrawn?
Yes, distributions of voluntary after-tax contributions that have a basis of 100% and are rolled over to a Roth IRA (which has met the 5-year aging rule) for a participant who is 59.5 years old are generally 100% free of tax, regardless of when they are withdrawn. Here’s a detailed explanation: ### Key Points 1. **Voluntary After-Tax Contributions**: These contributions are made with after-tax dollars, meaning you've already paid income tax on the money you contributed. 2. **Rollover to Roth IRA**: When you roll over these after-tax contributions to a Roth IRA, the contributions themselves are not taxed again because they were already taxed when initially contributed. 3. **5-Year Aging Rule**: The Roth IRA must meet the 5-year aging rule, which means it has been at least 5 years since you first contributed to any Roth IRA. 4. **Age 59.5**: You are over the age of 59.5, which is one of the conditions for taking qualified distributions from a Roth IRA. ### Applicable IRC Sections 1. **IRC Section 408A(d)(1)**: This section defines qualified distributions from a Roth IRA, which are tax-free if the account has met the 5-year aging rule and the distribution is made after the age of 59.5. - **Verbiage**: "Any qualified distribution from a Roth IRA shall not be includible in gross
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