dmertz
Level 15

Retirement tax questions

If the Form 1099-R has indeed been issued to you and for some inexplicable reason the payer will not make the correction, you can report the Form 1099-R as is and claim an Other reason exception to the early distribution penalty on the taxable amount of this distribution.

 

Code 1 is never permitted to be used to report a distribution from a Roth IRA.  A Form 1099-R issued to an individual who is age 78 and the payer does not know if the individual has had a Roth IRA for 5 years, the payer must use code T.