However, do not report these costs and a distribution on the same Form 1099-R. Use a separate Form 1099-R for each. For the cost of current life insurance protection, enter Code 9 in box 7.

Jun 1, 2019 · The amount that the employer reported in box 2a of the code 9 Form 1099-R is taxable as ordinary income. However, it is not subject to any excise tax (penalty) for an early distribution.

Nov 17, 2025 · Code 9 - Cost of current life insurance protection Use code 9 to report the premium paid by a trustee or custodian for current life insurance or other insurance protection plans.

Form 1099-R Box 7 Distribution Codes Are you filing a Form 1099-R for your client? Find the explanation for box 7 codes here.

Use Code 9 to report premiums paid by a trustee or custodian for current life or other insurance protection. See the instructions for box 2a, in the IRS instructions, for more information.

If a 1099-R has more than 1 distribution code in Box 7, you'll need to determine which code should be applied to give the correct tax treatment, then only enter that code.

Jan 29, 2026 · For participants born before a certain date, or their beneficiaries to indicate the distribution may be eligible for the 10-year tax option method of computing the tax on lump-sum …

The list of codes below describes eligibility for a benefits subtraction based on each code. Some exceptions exist. If your distribution code is not included in the list below or if you have questions on …

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 …

Reportable disability payments made from a retirement plan must be reported on Form 1099-R. Generally, do not report payments subject to withholding of social security and Medicare taxes on …