What conditions are required to make a Qualified distribution from a Roth IRA?
A qualified distribution is a payment or withdrawal from a Roth IRA that meets two requirements. The Roth IRA account must satisfy a 5-year period of time from the establishment of the account beginning from January 1 id the year the IRA was established. The IRA owner also must be either age 59 years old, deceased, disabled, or have a qualifying First-Time Homebuyer Exception. Both of these requirements must be present for a qualified Roth distribution to take place.
