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Category: Other Taxes

Form 1099-R Distribution Codes

The following codes identify the type of distribution received:

1
Early distribution, no known exception (in most cases, under age 59 1/2). (See Form 5329) For a rollover to a traditional IRA of the entire taxable part of the distribution, do not file Form 5329.  See the instructions for Form 1040 / Form 1040A.
2
Early distribution, exception applies (under age 59 1/2)
3
Disability
4
Death
5
Prohibited transaction
6
Section 1035 exchange (a tax-free exchange of life insurance, annuity, or endowment contracts)
7
Normal distribution
8
Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2011
9
Cost of current life insurance protection (premiums paid by a trustee or custodian for current insurance protection, taxable to you currently.)
A
May be eligible for 10-year tax option. (See Form 4972)
B
Designated Roth account distribution.
E
Distributions under Employee Plans Compliance Resolution System (EPCRS).
F
Charitable gift annuity.
G
Direct rollover and rollover contribution.
H
Direct rollover of a designated Roth account distribution to a Roth IRA.
J
Early distribution from a Roth IRA, no known exception (in most cases, under age 59 1/2).  Report on Form 1040 and Form 8606 and see Form 5329.
L
Loans treated as deemed distributions under section 72(p).
N
Recharacterized IRA contribution made for 2011 and recharacterized in 2011.  Report on Form 1040/1040A and Form 8606, if applicable.
P
Excess contributions plus earnings/excess deferrals taxable in 2011.
Q
Roth IRA qualified distribution.  You are age 59 1/2 or over and meet the 5-year holding period for a Roth IRA.  See the Form 1040/1040A instructions.
R
Recharacterized IRA contribution made for 2010 and recharacterized in 2011.  Report on Form 1040/1040A and Form 8606, if applicable.
S
Early distribution from a SIMPLE IRA in first two years, no known exception (under age 59 1/2).  (See Form 5329)
T
Roth IRA distribution, exception applies.
U
Dividends distributed from an ESOP under section 404(k).
W
Charges or payments for purchasing qualified long-term care insurance contracts under combined arrangements.