This interview will help you determine if you meet an exception or are subject to the additional tax on a distribution from your IRA or retirement plan.
Information You'll Need
- If you received a Form 1099-R, the distribution code in Box 7.
- The type of retirement plan the distribution was made from (e.g., traditional IRA, Roth IRA, governmental 457 plan, qualified employer plan). If you rolled an amount into a 457 plan, other than from another 457 plan, you'll need to know how much of the distribution is attributable to the 457 plan.
- For a governmental 457, 403(b) plan or qualified employer plan, whether the account is a designated Roth account.
You can check with your IRA trustee or retirement plan administrator to determine the account type.
The tool is designed for taxpayers that were U.S. citizens or resident aliens for the entire tax year for which they're inquiring. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year. For information regarding nonresidents or dual-status aliens, please see Publication 519, U.S. Tax Guide for Aliens.
Please note this topic doesn’t include information on tax relief for those affected by Hurricanes Harvey, Irma or Maria. For the latest updates, check the Hurricane Harvey or Hurricanes Irma and Maria pages. Additionally, due to the recent tax law changes in the Tax Cut and Jobs Act of 2017 (H.R.1), this topic is not yet updated for the tax year 2017. It currently incorrectly states an exception is met for qualified retirement plan distributions up to the amount you paid for unreimbursed medical expenses during the year minus 10% of your adjusted gross income for the year. However, under the new law, the exception applies to the amount you paid for unreimbursed medical expenses during the year minus 7.5% of your adjusted gross income.
Conclusions are based on information provided by you in response to the questions you answered. Answers do not constitute written advice in response to a specific written request of the taxpayer within the meaning of section 6404(f) of the Internal Revenue Code.
Estimated Completion Time: 15 minutes
Please Note: After 15 minutes of inactivity, you'll be forced to start over.
Caution: Using the "Back" button within the ITA tool could cause an application error.