Category: Other Taxes
Form 1099-R Distribution Codes
The following codes identify the type of distribution received:
Early distribution, exception applies (under age 59 1/2)
Section 1035 exchange (a tax-free exchange of life insurance, annuity, or endowment contracts)
Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2014
Cost of current life insurance protection
May be eligible for 10-year tax option. (See Form 4972)
Designated Roth account distribution.
Annuity payments from nonqualified annuities and distributions from life insurance contracts that may be subject to tax under section 1411.
Distributions under Employee Plans Compliance Resolution System (EPCRS).
Charitable gift annuity.
Direct rollover of a distribution (other than a designated Roth account distribution) to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA.
Direct rollover of a designated Roth account distribution to a Roth IRA.
Early distribution from a Roth IRA, no known exception (in most cases, under age 59 1/2).
Loans treated as deemed distributions.
Recharacterized IRA contribution made for 2014 and recharacterized in 2014.
Excess contributions plus earnings/excess deferrals taxable in 2013.
Qualified distribution from a Roth IRA.
Recharacterized IRA contribution made for 2013 and recharacterized in 2014.
Early distribution from a SIMPLE IRA in first 2 years, no known exception (under age 59 1/2).
Roth IRA distribution, exception applies.
Dividend distributed from ESOP under section 404(k).
Charges or payments for purchasing qualified long-term care insurance contracts under combined arrangements.
Last Updated: 8/19/2016