| 1 |
Early distribution, no known exception (in most cases, under age 59½). |
| 2 |
Early distribution, exception applies (under age 59½). |
| 3 |
Disability |
| 4 |
Death – regardless of the age of the employee/taxpayer to indicate to a decedent’s beneficiary, including an estate or trust. Also used for death benefit payments made by an employer but not made as part of a pension, profit-sharing, or retirement plan. |
| 5 |
Prohibited Transaction – this generally means the account is no longer an IRA. |
| 6 |
Section 1035 exchange (a tax-free exchange of life insurance, annuity, qualified long-term care insurance, or endowment contracts). |
| 7 |
Normal distribution |
| 8 |
Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2024. |
| 9 |
Cost of current life insurance protection. |
| A |
May be eligible for 10-year tax option (See Form 4972). |
| B |
Designated Roth account distribution. NOTE: If code B is in box 7 and an amount is reported in box 10, see the instructions for Form 5329. |
| C |
Reportable death benefits under section 6050Y. |
| D |
Annuity payments from nonqualified annuities that may be subject to tax under section 1411. |
| E |
Distributions under Employee Plans Compliance Resolution System (EPCRS). |
| F |
Charitable gift annuity. |
| G |
Direct rollover of a distribution to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA. |
| H |
Direct rollover of a designated Roth account distribution to a Roth IRA. |
| J |
Early distribution from a Roth IRA, no known exception (in most cases, under age 59½) |
| K |
Distribution of traditional IRA assets not having a readily available FMV (fair market value). |
| L |
Loans treated as distributions under section 72(p). |
| M |
Qualified plan loan offset. |
| N |
Recharacterized IRA contribution made for 2024. |
| P |
Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2023 |
| Q |
Qualified distribution from a Roth IRA. |
| R |
Recharacterized IRA contribution made for 2023. |
| S |
Early distribution from a SIMPLE IRA in first 2 years, no known exception (under age 59½). |
| T |
Roth IRA distribution, exception applies. |
| U |
Dividend distribution from ESOP under section 404(k). NOTE: This distribution isn’t eligible for rollover. |
| W |
Charges or payment for purchasing qualified long-term care insurance contracts under combined arrangements. |