Form 1099-R - Distributions From Pensions, Annuities, Retirement - 2012 Page 5
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11Instructions for Recipient
Account number. May show an account or other unique number the
payer assigned to distinguish your account.
Generally, distributions from pensions, annuities, profit-sharing and
Box 1. Shows the total amount you received this year. The
retirement plans (including section 457 state and local government
amount may have been a direct rollover, a transfer or conversion
plans), IRAs, insurance contracts, etc., are reported to recipients on
to a Roth IRA, a recharacterized IRA contribution; or you may
Form 1099-R.
have received it as periodic payments, as nonperiodic payments,
Qualified plans. If your annuity starting date is after 1997, you must
or as a total distribution. Report the amount on Form 1040 or 1040A
use the simplified method to figure your taxable amount if your payer
on the line for “IRA distributions” or “Pensions and annuities” (or the
did not show the taxable amount in box 2a. See the instructions for
line for “Taxable amount”), and on Form 8606, as applicable.
Form 1040 or 1040A.
However, if this is a lump-sum distribution, see Form 4972. If you have
IRAs. For distributions from a traditional individual retirement
not reached minimum retirement age, report your disability payments
arrangement (IRA), simplified employee pension (SEP), or savings
on the line for “Wages, salaries, tips, etc.” on your tax return. Also
incentive match plan for employees (SIMPLE), generally the payer is
report on that line permissible withdrawals from eligible automatic
not required to compute the taxable amount. See the Form 1040 or
contribution arrangements and corrective distributions of excess
1040A instructions to determine the taxable amount. If you are at least
deferrals, excess contributions, or excess aggregate contributions
age 70½, you must take minimum distributions from your IRA (other
except if you are self-employed.
than a Roth IRA). If you do not, you may be subject to a 50% excise
If a life insurance, annuity, qualified long-term care, or endowment
tax on the amount that should have been distributed. See Pub. 590 for
contract was transferred tax free to another trustee or contract issuer,
more information on IRAs.
an amount will be shown in this box and Code 6 will be shown in box
Roth IRAs. For distributions from a Roth IRA, generally the payer is
7. If a charge or payment was made against the cash value of an
not required to compute the taxable amount. You must compute any
annuity contract or the cash surrender value of a life insurance
taxable amount on Form 8606. An amount shown in box 2a may be
contract for the purchase of qualified long-term care insurance, an
taxable earnings on an excess contribution.
amount will be shown in this box and Code W will be shown in box 7.
Loans treated as distributions. If you borrow money from a qualified
You need not report these amounts on your tax return.
plan, section 403(b) plan, or governmental section 457(b) plan, you
Box 2a. This part of the distribution is generally taxable. If there is no
may have to treat the loan as a distribution and include all or part of
entry in this box, the payer may not have all the facts needed to figure
the amount borrowed in your income. There are exceptions to this
the taxable amount. In that case, the first box in box 2b should be
rule. If your loan is taxable, Code L will be shown in box 7. See
checked. You may want to get one of the free publications from the
Pub. 575.
IRS to help you figure the taxable amount. See Additional information
Recipient's identification number. For your protection, this form
on the back of Copy 2. For an IRA distribution, see IRAs and Roth
may show only the last four digits of your SSN, ITIN, or ATIN.
IRAs on this page. For a direct rollover, other than from a qualified
However, the issuer has reported your complete identification number
plan to a Roth IRA, zero should be shown, and you must enter zero
to the IRS, and, where applicable, to state and/or local governments.
(-0-) on the “Taxable amount” line of your tax return.
(Continued on the back of Copy C.)
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