Distribution Codes:
1 | Early distribution, no know exception (in most cases, under age 59½). |
2 | Early distribution, exception applies (under age 59½). |
3 | Disability. |
4 | Death. |
5 | Prohibited transaction subject to penalty. |
6 | Section 1035 exchange (a tax-free exchange of life insurance, annuity, qualified long-term care insurance, or endowment contracts). |
7 | Normal distribution. |
8 | Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2022. |
9 | Cost of current life insurance protection. |
A | May be eligible for 10-year tax option (see Form 4972). |
B | Designated Roth account distribution. |
D | Annuity payments from nonqualified annuities and distributions from life insurance contracts subject to section 1411 taxes. |
E | Distributions under Employee Plans Compliance Resolution System (EPCRS). |
F | Charitable gift annuity. |
G | Direct rollover of a distribution (other than designated Roth account distribution) to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA. |
H | Direct rollover of a disignated Roth account distribution to a Roth IRA. |
J | Early distribution from a Roth IRA, no known exception (in most cases, under age 59½). |
L | Loans treated as distributions. |
N | Recharacterized IRA contribution made for 2023. |
P | Excess contributions plus earnings/excess deferrals taxable in 2023. |
Q | Qualified distribution from a Roth IRA. |
R | Recharacterized IRA contribution made for 2022 and recharacterized in 2023. |
S | Early distribution from a SIMPLE IRA in first 2 years, no known exceptions (under age 59½). |
T | Roth IRA distribution, exception applies. |
U | Dividend distribution from ESOP under sec. 404(k). Note. This distribution is not eligible for rollover. |
W | Charges or payments for purchasing qualified long-term care insurance contracts under combined arrangements. If the IRA/SEP/SIMPLE box is checked, you have received a traditional IRA, SEP or SIMPLE distribution. |