1099-R box 2B never checked, adds tax code 264 logic
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 | Notes |
|---|---|---|---|---|---|
IRA/SEP/SIMPLE w/ WH | TC + WH | TC + WH | 235 | 236 | Earnings (tax code 264) included, replace the calculated for box 2a, 2b is checked. |
IRA/SEP/SIMPLE w/ 0$WH | TC | TC | N/A | N/A | If earnings (tax code 264) included, replace the calculated for box 2a, 2b is checked. |
NOT IRA/SEP/SIMPLE w/ WH | TC + WH | TC + WH | 235 | 236 | If earnings (tax code 264) included, replace the calculated for vox 2a, 2b is NOT checked. |
NOT IRA/SEP/SIMPLE w/ 0$WH | TC | TC | N/A | N/A | If earnings (tax code 264) included, replace the calculated for box 2a, 2b is NOT checked. |
Applicable tax codes
Tax code | Description | 1099-R Dist |
|---|---|---|
392 | 1099R Distribution from a Designated Roth (8) | B |
466 | 1099R IRS Distribution Code BM | BM |
488 | 1099R IRS Distribution Code B2 | B2 |