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Form 1099-R Scope and Out-of-Scope

The Form 1099-R is generally "In Scope" for AARP Tax-Aide Counselors except ...

 
OUT OF SCOPE: All of these distribution codes in BOX 7
5—Prohibited transaction.
8—Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2012.
9—Cost of current life insurance protection.
A—May be eligible for 10-year tax option.
E—Distributions under Employee Plans Compliance Resolution System (EPCRS).
J—Early distribution from a Roth IRA.
L—Loans treated as deemed distributions under section 72(p).
N—Recharacterized IRA contribution made for 2012.
R—Recharacterized IRA contribution made for 2011.
S—Early distribution from a SIMPLE IRA in the first 2 years, no known exception.
U—Dividends distributed from an ESOP under section 404(k).
W—Charges or payments for purchasing qualified long-term care insurance contracts under combined arrangements.

Distributions from SIMPLE IRAs & SEPs are out of scope
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