Out of Scope by [line number]:
- Out of scope codes are indicated in pink.
- Codes may be used in combinations – if any code in the combination is OOS, the transaction is OUT OF SCOPE.
1 | Early distribution, no known exception – but there may be an exception. Check the exception code list to be sure. |
2 | Early distribution, exception applies. |
3 | Disability |
4 | Death |
5 | Prohibited transaction |
6 | Section1036 exchange (out of scope for VITA/TCE, in scope for AARP) |
7 | Normal distribution |
8 | Excess contributions plus earnings/excess deferrals (and/or earnings) taxable this year |
9 | Cost of current life insurance protection |
A | May be eligible for 10-year tax option |
B | Designated Roth account distribution |
D | Annuity payments from nonqualified annuities and distributions from life insurance contracts that may be subject to tax under section 1411 (Medicare tax on high incomes & Net investment income tax for high income taxpayers). OUT OF SCOPE if form 8960 is produced (due to exceeding an income level for the filing status). |
E | Distributions under Employee Plans Compliance Resolution System (EPCRS) |
F | Charitable gift annuity |
G | Direct rollover (transfer) and direct payments |
H | Direct rollover of a designated Roth account distribution to a Roth IRA |
J | Early distribution from a Roth IRA (OOS for VITA/TCE, in scope for AARP if distribution is not taxable) |
K | Distribution of IRA assets not having a readily available FMV |
L | Loans treated as deemed distributions under section 72(p) (OOS for VITA/TCE, in scope for AARP) |
N | Recharacterized IRA contribution made for this calendar year. |
P | Excess contributions plus earnings/excess deferrals taxable in this tax year. |
Q | Qualified distribution from a Roth IRA |
R | Recharacterized IRA contribution made for this tax year. |
S | Early distribution from a SIMPLE IRA in the first 2 years, no known exception |
T | Roth IRA distribution, exception applies (OOS for VITA/TCE, in scope for AARP if distribution is not taxable) |
U | Dividends distributed from an ESOP under section 404(k) |
W | Charges or payments for purchasing qualified long-term care insurance contracts under combined arrangements (OOS for VITA/TCE, in scope for AARP) |