File only one Form 1099-R for distributions from all investments under one plan that are paid in 1 year to one recipient, unless you must enter different codes in box 7.

Dec 31, 2025 · What Are 1099-R Codes? 1099-R codes are one- or two-character codes found in Box 7 of the 1099-R form. They describe the type of distribution you received from a retirement plan and …

Nov 17, 2025 · IRS uses the codes to help determine whether the recipient has properly reported the distribution. If the codes you enter are incorrect, the IRS may improperly propose changes to the …

Form 1099-R distribution codes in Box 7 identify the type of retirement distribution and whether early withdrawal penalties apply. Common codes include Code 1 for early distributions under age 59½, …

Feb 18, 2025 · Form 1099-R is used to report distributions from annuities, profit-sharing plans, retirement plans, IRAs, insurance contracts, or pensions. Anyone who receives a distribution over …

Form 1099-R, Box 7 codes The following are the instructions for the 1099-R, Box 7 data entry and what each code means.

Sep 17, 2024 · Detailed overview, instructions of Form 1099-R and 5498. Participant has not reached age 59 1/2, and there are no known exceptions under Code 2, 3, or 4 apply.

Form 1099-R, 2015 In the United States, Form 1099-R is a variant of Form 1099 used for reporting on distributions from pensions, annuities, retirement or profit sharing plans, IRAs, charitable gift …

Nov 27, 2024 · Understanding the distribution codes on Form 1099-R is essential for accurately reporting and paying taxes on retirement distributions. Each code provides specific information about …