@PM36
Something isn't making sense. Seems like B makes more sense than J does. A few of questons:
1. Did you have the Roth plan for more than 5 years before you closed it?
2. Was it a total distribution? Was there any secondary code on the original 1099-R?
3. Prior to closing the account, did you take substantially equal periodic payments?
4. Did you take a loan against this account while still working?
Enter code B, Designated Roth account distribution, to report distributions from a designated Roth account, unless the distribution is a direct rollover to a Roth IRA or is because of a correction under the Employee Plans Compliance Resolution System."
Use Code J, Early distribution from a Roth IRA, to report a Roth IRA distribution when the IRA owner is under age 59½ and codes Q and T do not apply. But use code 2 for an IRS levy and code 5 for a prohibited transaction. Code J should be used if the Roth IRA owner meets the five-year waiting period but the distribution is not qualified because the IRA owner is not yet age 59½, has not died, or is not disabled. Use code J to report a qualified distribution for first-time homebuyer expenses. Also use code J if a Roth IRA owner modified a series of substantially equal periodic payments before being eligible to do so.
Only use Code Q, Qualified distribution from a Roth IRA, when the IRA owner has met the five-year waiting period and is either age 59½ or older, has died, or is disabled (assuming there is proof of the disability).
Use code T, Roth IRA distribution, exception applies, to report Roth IRA distributions before the five-year waiting period has been satisfied (or if it’s not known whether the period has been satisfied), but the IRA owner is at least age 59½, has died, or is disabled (assuming there is proof of the disability). Code T also should be used when the Roth IRA owner takes substantially equal periodic payments.
