1099-R same as default, but 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 | TC + WH | 235 | 236 |
IRA/SEP/SIMPLE w/0$WH | TC | TC | N/A | N/A |
NOT IRA/SEP/SIMPLE w/WH | TC + WH | TC + WH | 235 | 236 |
NOT IRA/SEP/SIMPLE w/0$WH | TC | TC | N/A | N.A |
Applicable tax codes
Tax code | Description | 1099-R Dist |
|---|---|---|
234 | Loans treated as deemed distributions | L |
247 | EPCRS Distribution | E |
268 | Qualified rollover contribution to Roth IRA under section 408A(e) | G |
340 | IRS distribution code 1L | 1L |
467 | IRS distribution code 2L | 2L |
469 | IRS distribution code 7L | 7L |
492 | IRS distribution code BL | BL |