what goes into the "description" box for IRA distribution adjustments?

[LindaS5247]

The description box for IRA distribution adjustments should contain a brief explanation of why the distribution is not fully taxable or why an early withdrawal penalty does not apply.

Depending on your circumstances you should state if it was a rollover, a disaster recovery distribution, a Qualified HSA Funding Distribution, or a return of excess contributions. EFor a recharacterization you can enter "Recharacterization" followed by the date and amount.

You can mention the specific exception code, such as "Age 59 1/2," "Death," "Disability," or "Substantially Equal Periodic Payments" if a code 1 was wrongly applied.

If you have additional information or questions regarding this, please return to Community and we would be glad to help.