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Level 1
June 1, 2019
Solved

On my 1099-r form, box 7 has B1 in there, but i don't have an option to select B1. Is this the same as B?

  • June 1, 2019
  • 1 reply
  • 14 views
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Best answer by SteamTrain

Its two codes, on two lines...a "B" and a "1".

1 reply

SteamTrain
Level 15
June 1, 2019

Its two codes, on two lines...a "B" and a "1".

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
Level 15
June 1, 2019
Code B means a distribution to you from a Designated Roth Account in a qualified retirement plan.  Code 1 means that that distribution was made before you reached age 59½.