☛ Note: For Form 1099-R, generally, report the Roth conversion or total amount…

SEP, or SIMPLE in Payment Amount Field A (traditional IRA/SEP/SIMPLE distribution or Roth conversion), as well as Payment Amount Field 1 (Gross Distribution) of the “B” Record. Refer to the 2002 Instructions for Forms 1099-R and 5498 for exceptions (Box 2a instructions).

549 Total Distribution Indicator ( See Note. )

1 Enter a “1” (one) only if the payment shown for Distribution Amount Code 1 is a total distribution that closed out the account; otherwise, enter a blank.