Joann Posted March 2, 2011 Report Share Posted March 2, 2011 Good morning all, How do you handle a code T in box 7 of a 1099R? I never saw this before. Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 2, 2011 Report Share Posted March 2, 2011 Good morning all, How do you handle a code T in box 7 of a 1099R? I never saw this before. I found this: (It seems that there is no penalty and you should use code 2 maybe) A distribution that is part of a series of substantially equal periodic payments as described in section 72(q), (t), or (v). Any other distributions subject to an exception under section 72(q), (t), or (v) that isn't required to be reported using Code 1, 3, or 4. You should ask your client. If you are able to do so, you will know that number 2 below doesn't apply Use Code T for a distribution from a Roth IRA if you don't know if the 5-year holding period has been met and the participant: 1.- has reached age 59 1/2 2.- died 3.- is disabled. If any other code, such as 8 or P applies, use Code J. Quote Link to comment Share on other sites More sharing options...
Joann Posted March 2, 2011 Author Report Share Posted March 2, 2011 Thanks Pacun--I appreciate it!!! Joann Quote Link to comment Share on other sites More sharing options...
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