Form 1099-R Instructions & Tax Reporting Pointers

What You Need to Know About Form 1099-R

The 1099-R is used for each person to whom a business has made a designated distribution or are treated as having made a distribution of $10 or more from:

  • Profit-sharing or retirement plans
  • IRAs
  • Annuities
  • Pensions
  • Insurance contracts
  • Survivor income benefit plans
  • Permanent and total disability payments under life insurance contracts
  • Charitable gift annuities

Amounts that are distributed from tax-exempt sources, such as workers' compensation and Department of Veterans Affairs payment, don't need to be reported. Also, if part of a distribution is taxable and part is nontaxable, the entire distribution should be reported.

Applicable businesses: Any organization that manages retirement plans and made designated distributions of $10 or more.

When to file: 1099-R forms must be mailed to recipients by January 31, and e-filed with the IRS by March 31 each year.

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