qbteachmt
Level 15
03-19-2023
12:12 PM
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"which he invested for more than 5 years."
That's not how the various 5-year rules are stated, though.
I recommend investopedia articles, such as:
https://www.investopedia.com/ask/answers/05/waitingperiodroth.asp
Once you confirm everything about this scenario is qualified, you would use the applicable code and not the code from the 1099-R. Remember that the issuer only knows about the distribution, really. They don't know the entire event that transpires. For instance, they won't know about indirect rollovers.
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