1099-R box 2A always 0, box 2B never checked
The following table lists the account types, the corresponding 1099-R box numbers, and the withholding references. Following that is a list of applicable tax codes.
Account type/WH | Gross Dist - Box 1 | Taxable amt - Box 2a | Fed WH | State WH |
|---|---|---|---|---|
IRA/SEP/SIMPLE w/ WH | TC + WH | Always 0 | 235 | 236 |
IRA/SEP/SIMPLE w/ 0$WH | TC | Always 0 | N/A | N/A |
NOT IRA/SEP/SIMPLE w/ WH | TC + WH | Always 0 | 235 | 236 |
NOT IRA/SEP/SIMPLE w/ 0$WH | TC | Always 0 | N/A | N/A |
Applicable tax codes
Tax code | Description | 1099-R Dist |
|---|---|---|
242 | 1099R Section 1035 exchange (6) | 6 |
249 | 1099R Direct rollover and Rollover Contribution (G) | G |
250 | 1099R Direct rollover of designated Roth account distribution to a Roth IRA (H) | H |
254 | 1099R IRS Distribution Code 4G | 4G |