SHARON M. Posted March 24, 2021 Posted March 24, 2021 Does Code 4 on the 1099-R qualify for the Coronavirus tax relief for Tax Year 2020?
C. B. Zeller Posted March 24, 2021 Posted March 24, 2021 Yes, as long as you are a qualified individual within the meaning of the CARES Act. Code 4 means you are the beneficiary of a death benefit. Notice 2020-50 section 1.C states that "any distribution received by a qualified individual as a beneficiary can be treated as a coronavirus-related distribution." Luke Bailey 1 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
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