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Distribution Code for Recharacterizations


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Guest Becky Blackford
Posted

When recharacterizing a Roth IRA back to a Traditional IRA, what distribution code is used on the 1099-R?

Guest David Hammond SRS
Posted

Hi Becky,

For Recharacterizations made in 1999 a new Form 1099R Code "R" will be available for use.

Recharacterizations made in 1998 do not have a silimilar cde for use. See IRS Notice #98-68 offical information.

Dave H.

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