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![]() We’ve called out a few important box numbers that often drive tax questions. The form includes the following information. It’s sent to you no later than January 31 after the calendar year of the retirement account distribution. If the form shows federal income tax withheld in Box 4, attach a copy – Copy B-to your tax return. The 1099-R form is an informational return, which means you’ll use it to report income on your federal tax return. You’ll most likely report amounts from Form 1099-R as ordinary income on line 4b and 5b of the Form 1040. ![]() A 1099-R form, called the “Distributions From Pensions, Annuities, Retirement, or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.” There are a number of reasons why a retirement account is distributed, but most fall into these categories: If you take money out of your retirement account for any reason, you’ll get Form 1099-R. Then, we’ll help you outline how the form is used for your federal taxes. We’ll cover the basics of the 1099-R form what the form is and what it shows. ![]() Taking money from your retirement accounts means you’ll receive Form 1099-R during the next tax season.
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