2 1099-Rs??

"Basically Green" posted an almost-identical question in November, but I have a slightly different scenario. My question is 'basically' (sorry, couldn't resist:)) - does the Code "B" in Box 7 indicate that the entire cash-out distribution was Roth??  If no, then I can safely prepare the 1 1099-R to report everything at once.  Right?

Details:

My participant, age 26, took a cash distribution of his Roth deferrals and ER contributions.  He did not make the 5-year mark to maintain tax-favored status on the Roth portion.  20% was withheld from the taxable portion of his distribution.

May I prepare 1 1099-R, showing the gross cash-out amount in Box 1, the non-Roth/taxable portion of the total in Box 2a, and list his Roth deferral amt in Box 5?  The codes I would use in Box 7 are: 1 & B.

Here are exact details:  

$1414.87 total cash-out.  $539.94 pre-tax & $874.93 Roth deferrals from 2022 & 2023.

$107.99 was withheld.  This is 20% of pre-tax portion.  I'd put $1,414.87 in Box 1, $539.94 in Box 2a, $874.93 in Box 5, and a 1 & B in Box 7.

Thanks!

Here are the 2023 Instructions for Forms 1099-R.  https://www.irs.gov/pub/irs-pdf/i1099r.pdf

The line-by-line instructions are consistent with where you suggest reporting each of the numbers in their respective boxes, and the Table 1. Guide to Distribution Codes starting on page 15 shows that you can pair Code 1 and Code B in Box 7.

Looks like you are good to go.

Thank you Paul!  I appreciate your confirming what I thought to be ok per the instructions, and that's what I'm going to do!