Instructions For Forms 1099-R And 5498 - 2015 (Page 9 of 23) in pdf

nonspouse, enter the name and TIN of the employee.

Box 1. Gross Distribution

However, this rule does not apply to IRAs; see Transfer of

Enter the total amount of the distribution before income

an IRA to spouse, earlier.

tax or other deductions were withheld. Include direct

rollovers, IRA direct payments to accepting employer

Nonresident Aliens

plans, premiums paid by a trustee or custodian for the

If income tax is withheld under section 3405 on any

cost of current life or other insurance protection, including

distribution to a nonresident alien, report the distribution

a recharacterization and a Roth IRA conversion. Also

and withholding on Form 1099-R. Also file Form 945 to

include in this box distributions to plan participants from

report the withholding. See the Presumption Rules in part

governmental section 457(b) plans. However, in the case

S of the 2015 General Instructions for Certain

of a distribution by a trust representing certificates of

Information Returns.

deposit (CDs) redeemed early, report the net amount

distributed. Also, see Box 6, later.

However, any payments to a nonresident alien from

any trust under section 401(a), any annuity plan under

Include in this box the value of U.S. Savings Bonds

section 403(a), any annuity, custodial account, or

distributed from a plan. Enter the appropriate taxable

retirement income account under section 403(b), or any

amount in box 2a. Furnish a statement to the plan

IRA account under section 408(a) or (b) are subject to

participant showing the value of each bond at the time of

withholding under section 1441, unless there is an

distribution. This will provide him or her with the

exception under a tax treaty. Report the distribution and

information necessary to figure the interest income on

withholding on Form 1042, Annual Withholding Tax

each bond when it is redeemed.

Return for U.S. Source Income of Foreign Persons, and

Include in box 1 amounts distributed from a qualified

Form 1042-S, Foreign Person's U.S. Source Income

retirement plan for which the recipient elects to pay health

Subject to Withholding.

insurance premiums under a cafeteria plan or that are

paid directly to reimburse medical care expenses incurred

For guidance regarding covered expatriates, see

by the recipient (see Rev. Rul. 2003-62 on page 1034 of

Notice 2009-85, 2009-45 I.R.B. 598, available at

Internal Revenue Bulletin 2003-25 at

irbs/irb03-25.pdf). Also include this amount in box 2a.

Statements to Recipients

Include in box 1 charges or payments for qualified

If you are required to file Form 1099-R, you must furnish a

long-term care insurance contracts under combined

statement to the recipient. For more information about the

arrangements. Enter Code W in box 7.

requirement to furnish a statement to each recipient, see

In addition to reporting distributions to beneficiaries of

part M in the 2015 General Instructions for Certain

deceased employees, report here any death benefit

Information Returns.

payments made by employers that are not made as part

Truncating recipient's identification number on

of a pension, profit-sharing, or retirement plan. Also enter

payee statements. Pursuant to Treasury Regulations

these amounts in box 2a; enter Code 4 in box 7.

section 301.6109-4, all filers of Form 1099-R may truncate

Do not report accelerated death benefits on Form

a recipient’s identification number (social security number

1099-R. Report them on Form 1099-LTC,

(SSN), individual taxpayer identification number (ITIN),

Long-Term Care and Accelerated

adoption taxpayer identification number (ATIN), or

CAUTION

Death Benefits.

employer identification number (EIN)) on payee

statements. Truncation is not allowed on any documents

For section 1035 exchanges that are reportable on

the filer files with the IRS. See part J in the 2015 General

Form 1099-R, enter the total value of the contract in box 1,

Instructions for Certain Information Returns, for more

0 (zero) in box 2a, the total premiums paid in box 5, and

information.

Code 6 in box 7.

Do not enter a negative amount in any box on

Designated Roth account distributions. If you are

Form 1099-R.

TIP

making a distribution from a designated Roth account,

enter the gross distribution in box 1, the taxable portion of

Account Number

the distribution in box 2a, the basis included in the

distributed amount in box 5, any amount allocable to an

The account number is required if you have multiple

IRR made within the previous 5 years (unless an

accounts for a recipient for whom you are filing more than

exception to section 72(t) applies) in box 10, and the first

one Form 1099-R.

year of the 5-taxable-year period for determining qualified

distributions in box 11. Also, enter the applicable code(s)

The account number is also required if you are an FFI

in box 7.

using this Form 1099-R to report a cash value insurance

contract or annuity contract that is a U.S. account held by

Employer securities and other property. If you

a specified U.S. person with the FFI to satisfy your

distribute employer securities or other property, include in

chapter 4 requirement to report such a contract.

box 1 the FMV of the securities or other property on the

date of distribution. If there is a loss, see Losses, later.

Additionally, the IRS encourages you to designate an

account number for all Forms 1099-R that you file. See

If you are distributing worthless property only, you are

part L in the 2015 General Instructions for Certain

not required to file Form 1099-R. However, you may file

Information Returns.

and enter 0 (zero) in boxes 1 and 2a and any after-tax

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Instructions for Forms 1099-R and 5498 (2015)

Instructions For Forms 1099-R And 5498 - 2015 Page 9

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