Form 1099-R - Distributions From Pensions, Annuities, Retirement Or Profit-Sharing Plans, Iras, Insurance Contracts, Etc. - 2016 Page 5
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11Instructions for Recipient
chapter 4 account reporting requirement. You also may have a filing
requirement. See the Instructions for Form 8938.
Generally, distributions from pensions, annuities, profit-sharing and
Account number. May show an account or other unique number the
retirement plans (including section 457 state and local government
payer assigned to distinguish your account.
plans), IRAs, insurance contracts, etc., are reported to recipients on
Box 1. Shows the total amount you received this year. The amount
Form 1099-R.
may have been a direct rollover, a transfer or conversion to a Roth
Qualified plans. If your annuity starting date is after 1997, you must
IRA, a recharacterized IRA contribution; or you may have received it
use the simplified method to figure your taxable amount if your payer
as periodic payments, as nonperiodic payments, or as a total
did not show the taxable amount in box 2a. See the instructions for
distribution. Report the amount on Form 1040, 1040A, or 1040NR on
Form 1040, 1040A, or 1040NR.
the line for “IRA distributions” or “Pensions and annuities” (or the line
IRAs. For distributions from a traditional individual retirement
for “Taxable amount”), and on Form 8606, as applicable. However, if
arrangement (IRA), simplified employee pension (SEP), or savings
this is a lump-sum distribution, see Form 4972. If you have not
incentive match plan for employees (SIMPLE), generally the payer is
reached minimum retirement age, report your disability payments on
not required to compute the taxable amount. See the Form 1040,
the line for “Wages, salaries, tips, etc.” on your tax return. Also report
1040A, or 1040NR instructions to determine the taxable amount. If
on that line permissible withdrawals from eligible automatic
you are at least age 70½, you must take minimum distributions from
contribution arrangements and corrective distributions of excess
your IRA (other than a Roth IRA). If you do not, you are subject to a
deferrals, excess contributions, or excess aggregate contributions
50% excise tax on the amount that should have been distributed. See
except if the distribution is of designated Roth contributions or your
Pub. 590-A and Pub. 590-B for more information on IRAs.
after-tax contributions or if you are self-employed.
Roth IRAs. For distributions from a Roth IRA, generally the payer is
If a life insurance, annuity, qualified long-term care, or endowment
not required to compute the taxable amount. You must compute any
contract was transferred tax free to another trustee or contract issuer,
taxable amount on Form 8606. An amount shown in box 2a may be
an amount will be shown in this box and Code 6 will be shown in box
taxable earnings on an excess contribution.
7. If a charge or payment was made against the cash value of an
Loans treated as distributions. If you borrow money from a qualified
annuity contract or the cash surrender value of a life insurance
plan, section 403(b) plan, or governmental section 457(b) plan, you
contract for the purchase of qualified long-term care insurance, an
may have to treat the loan as a distribution and include all or part of
amount will be shown in this box and Code W will be shown in box 7.
the amount borrowed in your income. There are exceptions to this
You need not report these amounts on your tax return.
rule. If your loan is taxable, Code L will be shown in box 7. See
Box 2a. This part of the distribution is generally taxable. If there is no
Pub. 575.
entry in this box, the payer may not have all the facts needed to figure
Recipient's identification number. For your protection, this form
the taxable amount. In that case, the first box in box 2b should be
may show only the last four digits of your social security number
checked. You may want to get one of the free publications from the
(SSN), individual taxpayer identification number (ITIN), adoption
IRS to help you figure the taxable amount. See Additional information
taxpayer identification number (ATIN), or employer identification
on the back of Copy 2. For an IRA distribution, see IRAs and Roth
number (EIN). However, the issuer has reported your complete
IRAs on this page. For a direct rollover, other than from a qualified
identification number to the IRS.
plan to a Roth IRA, zero should be shown, and you must enter zero
FATCA filing requirement. If the FATCA filing requirement box is
(-0-) on the “Taxable amount” line of your tax return. If you roll over a
checked, the payer is reporting on this Form 1099 to satisfy its
(Continued on the back of Copy C.)
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