[oakers]

I am looking for a listing of distribution codes that are used by the IRS on 401k distributions.

[AtlantaTaxExpert]

You can find a complete list of the codes on the back of Form 1099-R, which can be downloaded from Internal Revenue Service.

[ebaines]

Here is the list of distribution codes that may be used in Box 7 of the 1099-R form -- this covers codes that would be used for 401(k) distributions as well as IRAs and other retirement plans:

1—Early distribution, no known exception (in most cases, under age
59½).
2—Early distribution, exception applies (under age 59½).
3—Disability.
4—Death.
5—Prohibited transaction.
6—Section 1035 exchange (a tax-free exchange of life insurance,
Annuity, or endowment contracts).
7—Normal distribution.
8—Excess contributions plus earnings/excess deferrals (and/or
Earnings) taxable in 2008.
9—Cost of current life insurance protection.
A—May be eligible for 10-year tax option (see Form 4972).
B—Designated Roth account distribution.
D—Excess contributions plus earnings/excess deferrals taxable in
2006.
E—Excess annual additions under section 415 and certain
Excess amounts under section 403(b) plans.
F—Charitable gift annuity.
G—Direct rollover of a distribution (other than a designated Roth
Account distribution) to a qualified plan, a section 403(b)
Plan, a governmental section 457(b) plan, or an IRA.
J—Early distribution from a Roth IRA, no known exception (in
Most cases, under age 59½).
L—Loans treated as distributions.
N—Recharacterized IRA contribution made for 2008 and
Recharacterized in 2008.
P—Excess contributions plus earnings/excess deferrals taxable
In 2007.
Q—Qualified distribution from a Roth IRA.
R—Recharacterized IRA contribution made for 2007 and
Recharacterized in 2008.
S—Early distribution from a SIMPLE IRA in first 2 years, no
Known exception (under age 59½).
T—Roth IRA distribution, exception applies.

[ohboybills]

After any termination my large Virginia based company states they will only release 20% of my 401K fund, per year. So it will take me 5 years to receive all my funds! Even on those funds I contributed, I am not allowed to take an immediate rollover to a new employer. (vs. their matched). How is this possible? Thank you. [email protected]

[AtlantaTaxExpert]

It should NOT be possible.

After a set period (usually five years), you become vested in the plan and the money is yours.

There should be NO restrictions on withdrawal or rollover.