Rai401k Posted January 14, 2014 Posted January 14, 2014 We have a participant that is taking an in-service distribution from her 401k designated roth account. She has attained age 59 1/2 and her roth monies have been in the account for 5 years. Is it code Q?
Guest emtee Posted January 14, 2014 Posted January 14, 2014 You would need to use codes "B" and "7" in box 7 since this is a qualified Roth distribution from a qualified plan.
Rai401k Posted January 16, 2014 Author Posted January 16, 2014 You would need to use codes "B" and "7" in box 7 since this is a qualified Roth distribution from a qualified plan. Great thank you, I realized that code Q doesn't apply to 401ks.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now