H&R Block Income Tax Course Assessment Exam (2025/2026) || Questions & 100% Correct Answers

H&R Block Income Tax Course Assessment Exam (2025/2026) || Questions & 100% Correct Answers Distribution Code 1 - ANSWER - Early distribution, no known exception to penalty applies. Distribution Code 2 - ANSWER - Early distribution, exception to penalty applies. Distribution Code 3 - ANSWER - Disability. Distribution Code 4 - ANSWER - Death. Distribution Code 7 - ANSWER - Normal distribution. Distribution Code A - ANSWER - May qualify for ten-year averaging and/or capital gain election. Distribution Code G - ANSWER - Direct rollover to a qualified retirement plan, tax-sheltered annuity, 457(b) plan, or IRA, or from a conduit IRA to a qualified plan. Distribution Code J - ANSWER - Early distribution from a Roth IRA, no known exception to penalty applies. Distribution Code Q - ANSWER - Qualified distribution from a Roth IRA. Distribution Code T - ANSWER - Roth IRA distribution due to death or disability or taxpayer has reached age 59 1/2, but the payer does not know if the five-year holding period was met.