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paulstek
New Member

W what is state type code for normal distribution of 401k? what is ESOP?

i need to pay state tax but dont know state type code
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2 Replies
JosephS1
Expert Alumni

W what is state type code for normal distribution of 401k? what is ESOP?

The distribution code for normal distributions would be shown in Box 7 on your 1099-R.  This would normally apply to both Federal and State returns.  I know of no instance where a state would have a different distribution code than what is shown for your Federal distribution code.  A normal distribution from a 401K would have a distribution code of "7".

 

ESOP is an acronym for "Employee Stock Option (or Ownership) Plan".  Normally any purchase made under these types of plans would appear as a line item on your Form W-2.  If you converted your ESOP shares and sold them you would or should have, received a Form 1099-B showing the sale of shares.

 

I have enclosed links that further explain the items that you are questioning.  The distribution codes for Form 1099-R are linked on Page 13 of the 1099-R instructions.

 

Instructions for Form 1099-R

How do I enter ESPP sales

What is an ESOP? 

 

@paulstek 

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W what is state type code for normal distribution of 401k? what is ESOP?

....And...if you are asking about the State Codes for the "Where is this distribution from? page, after you entered your 1099-R form:

 

It depends on what state you are talking about...when asking about some state detail that you need or are confused about, you need to tell us Which State?  you are asking about.  

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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