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Level 1
posted Apr 11, 2024 9:21:54 PM

If distribution is 4 from DFAS do i need to file even though i have a taxable amount in box 2a?

form 1099-r from DFAS indicates no need to file form 5329 if box 7 (distribution code) has a number 4 in it.

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1 Replies
Expert Alumni
Apr 18, 2024 8:55:14 AM

Yes, you have to include the 1099-R on your tax return, but if it has a code 4 in box 7, there won't be an early withdrawal penalty and no Form 5329 will be included in the tax return.