KaJay Posted February 28 Posted February 28 Happy Friday, everyone. I am wondering if any of you have some insight on reporting after-tax (non-Roth) distributions vs. Roth distributions. We have an individual taking a distribution of his after-tax (non-Roth) money. There are questions as to how reporting this transaction is different than reporting a Roth distribution. The main question comes down to which distribution code(s) the payer is to use in box 7. For a [qualified] Roth distribution, the payer indicates: the full distribution amount in box 1; $0.00 in box 2a; the Roth contribution (basis) amount in box 5, and code "7B" for box 7 year of first Roth contribution in box 11 This is what has been proposed for the After-tax (non-Roth) 1099-R: the full distribution amount in box 1; taxable earnings portion in box 2a; the after-tax (non-Roth) contribution (basis) amount in box 5, and code "7" in box 7 Anyone know if this is correct?
CuseFan Posted February 28 Posted February 28 That is absolutely the correct method. Bill Presson and KaJay 2 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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