DaveF1006
Expert Alumni

Retirement tax questions

It depends. I think the the issuer of the 1099R may have coded this incorrectly because he/she was uncertain whether or not the five-year holding requirement was met thus making this an unqualified distribution for Massachusetts state reporting purposes.  

 

At this point, you may change the code to Q or request a corrected 1099 R listing Code Q in Box 7, instead of T.

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