Form 1099-R Series

The 1099 forms indicate information such as the amount received, the taxable portion, and the taxpayer's cost (investment) in the plan.

• If Form 1099-R is for an IRA-type distribution, it will be indicated in box 7
• If the taxable amount is indicated, Basic certified volunteers can complete the return.
• if the taxable amount is not indicated, Advanced certified volunteers must calculate the taxable portion using the Simplified Method Worksheet.

Click here to review Form 1099-R, Pension and Annuity Income, in the Volunteer Resource Guide, Tab D, Income for software entries. Be sure to note the different IRA distribution codes that may be found in box 7.