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 2011
Cost of current life insurance protection (premiums paid by a trustee or custodian for current insurance protection, taxable to you currently.)
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 and rollover contribution.
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). Report on Form 1040 and Form 8606 and see Form 5329.
Loans treated as deemed distributions under section 72(p).
Recharacterized IRA contribution made for 2011 and recharacterized in 2011. Report on Form 1040/1040A and Form 8606, if applicable.
Excess contributions plus earnings/excess deferrals taxable in 2011.
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.
Recharacterized IRA contribution made for 2010 and recharacterized in 2011. Report on Form 1040/1040A and Form 8606, if applicable.
Early distribution from a SIMPLE IRA in first two years, no known exception (under age 59 1/2). (See Form 5329)
Roth IRA distribution, exception applies.
Dividends distributed from an ESOP under section 404(k).
Charges or payments for purchasing qualified long-term care insurance contracts under combined arrangements.