BG5150 Posted January 11, 2017 Posted January 11, 2017 Is there a 1099-R code for an early withdrawal (under 59 1/2) of Roth Deferrals (assume 5-yr seasoning satisfied)? All I see in the instructions is early distrib from Roth IRA (code J). QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Tom Poje Posted January 11, 2017 Posted January 11, 2017 I believe you remove G550 from your name and code B1 B for roth deferral, 1 for early withdrawal (if B1 gives you a BINGO then I expect to share in the winnings.)
BG5150 Posted January 11, 2017 Author Posted January 11, 2017 Thanks. It's been a while since my office has prepared 1099's. Or at least a while since I had a part in it. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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