[16872]
December 12, 2003
TO: 529 PLAN ADVISORY COMMITTEE No. 61-03
PENSION MEMBERS No. 53-03
PENSION OPERATIONS ADVISORY COMMITTEE No. 73-03
TRANSFER AGENT ADVISORY COMMITTEE No. 111-03
RE: IRS CHANGES DISTRIBUTION CODES FOR FORMS 1099-R AND 5498
The Internal Revenue Service has changed the instructions (attached) to the 2003 Forms
1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs,
Insurance Contracts, Etc.) and 5498 (IRA Contribution Information). The new form instructions
modify the explanations for Codes J, Q and T in the “Guide to Distribution Codes” for Roth IRA
distributions.
Payers who have already issued a Form 1099-R (or applicable substitute) for 2003 for a
Roth IRA distribution may have to issue a corrected return based on these most recent changes.
The first page of the attached instructions describes the new code explanations for Roth IRAs.
Lisa Robinson
Assistant Counsel
Note: Not all recipients receive the attachment. To obtain a copy of the attachment, please visit our members website
(http://members.ici.org) and search for memo 16872, or call the ICI Library at (202) 326-8304 and request the
attachment for memo 16872.
Attachment (in .pdf format)