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Level 3
February 8, 2026
Question

1099-R Equal Periodic Payments

  • February 8, 2026
  • 1 reply
  • 10 views

My client received a 1099-R with codes 1,D. Distribution was used for higher ed. My client was told that the 10% penalty would be waived if the distribution were part of Equal Periodic Payments, but that appears to be incorrect.  I just want to verify with the experts before I file the return.

1 reply

ljr
Level 9
February 8, 2026

did you fill out form 5329 for exemption to 10% penalty code 02 is the code for equal periodic payments and code 08 is higher education costs

 

 

rkohara01Author
Level 3
February 8, 2026

That's it!  Getting rusty in my old age.  Thank you!