1099-R
Business & Finance abbreviation · Tax
| Stands for | Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. (IRS Form 1099-R) |
|---|---|
| Categories | Business & Finance |
1099-R stands for Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. (IRS Form 1099-R), a tax abbreviation.
Reports any distribution of $10 or more from a pension, annuity, IRA, 401(k) or similar plan, including rollovers and Roth conversions. A code in Box 7 tells the IRS whether the payment was early, normal, a rollover, a death benefit or another type.
Example: Even though it was a direct rollover, I still got a 1099-R with code G in Box 7.
Usage notes
Frequent Box 7 codes include 1 (early distribution, no known exception), 7 (normal distribution), G (direct rollover) and 4 (death). A properly reported rollover is not taxable but must still appear on the return. Box 4 shows federal tax withheld, often 20% on eligible rollover distributions paid to the participant instead of directly to another plan.
Related abbreviations
More tax abbreviations
- 1099-DIV – Dividends and Distributions (IRS Form 1099-DIV)
- 1099-G – Certain Government Payments (IRS Form 1099-G)
- 1099-INT – Interest Income (IRS Form 1099-INT)
- 1099-K – Payment Card and Third Party Network Transactions (IRS Form 1099-K)
- 1099-MISC – Miscellaneous Information (IRS Form 1099-MISC)
- 1099-NEC – Nonemployee Compensation (IRS Form 1099-NEC)
- 1120 – U.S. Corporation Income Tax Return (IRS Form 1120)
- 1120-S – U.S. Income Tax Return for an S Corporation (IRS Form 1120-S)
- 409A – Section 409A (nonqualified deferred compensation rules)
- 4868 – Application for Automatic Extension of Time To File U.S. Individual…
- 501(c)(3) – Charitable organization (Internal Revenue Code section 501(c)(3))
- 501(c)(4) – Social welfare organization (Internal Revenue Code section 501(c)(4))