What is an IRS Form 1099-R?

When you receive a distribution from your IRA or 401(k) Plan, you should receive a report for that distribution from your IRA or 401(k) custodian. This report is provided on IRS Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. (Form 1099-R), which should include the distribution amount and should also indicate whether you had income tax withheld from your distribution.

Our custodian will send you your 1099-R in January after the distribution year and can be found within your dashboard’s IRS folder. They are also required to provide the information reported on your 1099-R to the IRS. You may be required to file this form with your tax return for the year of the distribution.

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