In General:

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 / retirement / Survivor Income Benefit plans
  • IRAs
  • Annuities, including charitable gift annuities
  • Pension
  • Insurance contracts
  • Permanent and total disability settlement (covered by life insurance contracts)

1099-R Form Exemptions

 

Tax-exempt sources, including workers’ compensation and Department of Veterans Affairs payment, with distributions, need not to be reported. Moreover, if a portion of a distribution is taxable and another portion is nontaxable, report of the full distribution must be made.

REPORT DISTRIBUTIONS FROM RETIREMENT ACCOUNTS, EFFICIENTLY.

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