Tax Form 1099-R: Reporting Instructions - 2016 printable pdf download

2017 Form 1099-R: Reporting Instructions

Generally, distributions from pensions, annuities, profit-sharing and retirement

IRS Distribution codes:

plans (including section 457 state and local government plans), IRAs, insurance

1—Early distribution, no known exception (in most cases, under age 59½).

contracts, etc., are reported to recipients on Form 1099-R.

2—Early distribution, exception applies (under age 59½).

Recipient's taxpayer identification number. For your protection, this form may

3—Disability.

show only the last four digits of your social security number (SSN), individual

4—Death.

taxpayer identification number (ITIN), adoption taxpayer identification number

5—Prohibited transaction.

(ATIN), or employer identification number (EIN). However, the issuer has reported

6—Section 1035 exchange (a tax-free exchange of life insurance, annuity, qualified

your complete identification number to the IRS.

long-term care insurance, or endowment contracts).

Account number. May show an account or other unique number the payer assigned

7—Normal distribution.

to distinguish your account.

8—Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in

Box 1. Shows the total amount you received this year. The amount may have been

2017.

a direct rollover, a transfer or conversion to a Roth IRA, a recharacterized IRA

9—Cost of current life insurance protection.

contribution; or you may have received it as periodic payments, as nonperiodic

A—May be eligible for 10-year tax option (see Form 4972).

payments, or as a total distribution. Report the amount on Form 1040, 1040A, or

B—Designated Roth account distribution.

1040NR on the line for “IRA distributions” or “Pensions and annuities” (or the line

Note. If Code B is in box 7 and an amount is reported in box 10, see the instructions

for “Taxable amount”), and on Form 8606, as applicable. However, if this is a

for Form 5329.

lump-sum distribution, see Form 4972.

D—Annuity payments from nonqualified annuities that may be subject to tax under

Box 2a. This part of the distribution is generally taxable. If there is no entry in this

section 1411.

box, the payer may not have all the facts needed to figure the taxable amount. In

E—Distributions under Employee Plans Compliance Resolution System (EPCRS).

that case, the first box in box 2b should be checked. You may want to get one of

F—Charitable gift annuity.

the free publications from the IRS to help you figure the taxable amount. See

G—Direct rollover of a distribution to a qualified plan, a section 403(b) plan, a

Additional information on the back of Copy 2. For an IRA distribution, see IRAs and

governmental section 457(b) plan, or an IRA.

Roth IRAs on this page. For a direct rollover, other than from a qualified plan to a

H—Direct rollover of a designated Roth account distribution to a Roth IRA.

Roth IRA, zero should be shown, and you must enter zero (-0- ) on the “Taxable

J—Early distribution from a Roth IRA, no known exception (in most cases, under

amount” line of your tax return.

age 59½).

If this is a total distribution from a qualified plan and you were born before January

K—Distribution of traditional IRA assets not having a readily available FMV.

2, 1936 (or you are the beneficiary of someone born before January 2, 1936), you

L—Loans treated as distributions.

may be eligible for the 10-year tax option. See the Form 4972 instructions for more

N—Recharacterized IRA contribution made for 2017 and recharacterized in 2017.

information.

P—Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in

If you are an eligible retired public safety officer who elected to exclude from

2016.

income distributions from your eligible plan used to pay certain insurance

Q—Qualified distribution from a Roth IRA.

premiums, the amount shown in box 2a has not been reduced by the exclusion

R—Recharacterized IRA contribution made for 2016 and recharacterized in 2017.

amount. See the instructions for Form 1040, 1040A, or 1040NR for more

S—Early distribution from a SIMPLE IRA in first 2 years, no known exception (under

information.

age 59½).

Box 2b. If the first box is checked, the payer was unable to determine the taxable

T—Roth IRA distribution, exception applies.

amount, and box 2a should be blank, except for an IRA. It is your responsibility to

U—Dividend distribution from ESOP under section. 404(k).

determine the taxable amount. If the second box is checked, the distribution was a

Note. This distribution is not eligible for rollover.

total distribution that closed out your account.

W—Charges or payments for purchasing qualified long-term care insurance

Box 4. Shows federal income tax withheld. Include this amount on your income tax

contracts under combined arrangements.

return as tax withheld, and if box 4 shows an amount (other than zero), attach Copy

B to your return. Generally, if you will receive payments next year that are not

If the IRA/SEP/SIMPLE box is checked, you have received a traditional IRA, SEP, or

eligible rollover distributions, you can change your withholding or elect not to have

SIMPLE distribution.

income tax withheld by giving the payer Form W-4P.

Box 11. The 1st year you made a contribution to the designated Roth account

Box 7. The following codes identify the distribution you received. For more

reported on this form is shown in this box.

information on these distributions, see the instructions for your tax return. Also,

Boxes 12—17. If state or local income tax was withheld from the distribution boxes

certain distributions may be subject to an additional 10% tax. See the instructions

14 and 17 may show the part of the distribution subject to state and/or local tax.

for Form 5329.

Future developments. For the latest information about developments related to

Form 1099-R and its instructions, such as legislation enacted after they were

published, go to

Tax Form 1099-R: Reporting Instructions - 2016

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