1099-R default, assumes taxable amount determined for not IRA
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 | Txbl amt not determined - Box 2b | Fed WH | State WH |
|---|---|---|---|---|---|
IRA/SEP/SIMPLE w/WH | TC + WH | TC + WH | Checked | 235 | 236 |
IRA/SEP/SIMPLE w/0$WH | TC | TC | Checked | N/A | N/A |
NOT IRA/SEP/SIMPLE w/WH | TC + WH | TC + WH | Not checked | 235 | 236 |
NOT IRA/SEP/SIMPLE w/0$WH | TC | TC | Not checked | N/A | N/A |
Applicable tax codes
Tax code | Description | 1099-R Dist |
|---|---|---|
233 | Early Distribution from SIMPLE IRA in first two years, no known exceptions | S |
237 | Early distribution, no known exception | 1 |
239 | Disability | 3 |
240 | Death | 4 |
241 | Prohibited transaction | 5 |
243 | Normal distribution | 7 |
245 | Cost of current life insurance protection | 9 |
248 | Charitable gift annuity | F |
253 | IRS Distribution code 82 | 82 |
257 | Death distribution to charity under IRC section 408(d)(8) | Y4 |
258 | IRS Distribution code 4A | 4A |
259 | Normal distribution to charity under IRC section 408(d)(8) | Y7 |
260 | Normal distribution to HSA under IRC section 408(d)(9) | 7 |
261 | IRS distribution code 7A | 7A |
262 | Distribution from ESOP under section 404(k) | U |
263 | IRS distribution code BU | BU |
267 | Distribution of IRA assets not having a readily available FMV u/s 408(d)(8) | YK |
269 | Pmts from nonqualified annuities & dist from life insurance contracts may be subject to sec 1411 | D |
270 | IRS distribution code 1D | 1D |
271 | IRS distribution code 2D | 2D |
272 | 1099R IRS Distribution Code 3D | 3D |
273 | 1099R IRS Distribution Code 4D | 4D |
274 | 1099R IRS Distribution Code 7D | 7D |
276 | 1099R IRS Distribution Code 1K | 1K |
277 | 1099R IRS Distribution Code 2K | 1K |
278 | 1099R IRS Distribution Code 4K | 4K |
279 | 1099R IRS Distribution Code 7K | 7K |
284 | 1099R IRS Distribution Code B7 | B7 |
290 | 1099R IRS Distribution Code 4L | 4L |
292 | 1099R IRS Distribution Code 2P | 2P |
296 | 1099R IRS Distribution Code 4B | 4B |
297 | 1099R IRS Distribution Code BP | BP |
459 | Reportable death benefits under section 6050Y | C |
460 | Qualified plan loan offset | M |
461 | 1099R IRS Distribution Code CD | CD |
462 | 1099R IRS Distribution Code 1M | 1M |
463 | 1099R IRS Distribution Code 2M | 2M |
464 | 1099R IRS Distribution Code 4M | 4M |
465 | 1099R IRS Distribution Code 7M | 7M |
487 | 1099R IRS Distribution Code B1 | B1 |
489 | 1099R IRS Distribution Code B4 | B4 |
490 | 1099R IRS Distribution Code B8 | B8 |