All About 1099-R Federal Tax Form

All About 1099-R Federal Tax Form

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Taxes are a complicated and often confusing matter, and the United States of America has its own set of rules and regulations to follow. With the ever-changing landscape of taxation, staying up-to-date with the different forms and their purposes is important. One of the most important forms is the 1099-R form. This article will go over the history of the 1099-R form, the changes it has gone through over the years, and also answer some of its most common questions.

The History of the Federal 1099-R Form and Its Purpose

This document is issued by the Internal Revenue Service (IRS) to report distributions from pensions, retirement plans, annuities, profit-sharing plans, and IRAs. The form was introduced in 1968 and has been revised several times to keep up with changing tax laws.

1099-R Template Revisions

Since its introduction, the sample has gone through several revisions. In 1992, the federal tax document was updated to include a field for reporting early distributions from IRAs and other retirement plans. This field was further updated in 1996 to include a section for reporting direct rollovers, Roth IRA conversions, and recharacterizations of contributions. In 2001, the document was updated to include a box for reporting payments from qualified tuition programs.

In 2006, the template was updated to include an additional box for reporting the taxable amount of the payments. This box is used to report the amount of the distribution that is taxable and the amount that is non-taxable. This box also allows taxpayers to report distributions subject to the alternative minimum tax (AMT).

Questions & Answers

  1. What is the federal income tax form 1099-R used for?
    The document reports distributions from pensions, annuities, retirement plans, profit-sharing plans, and IRAs. Individuals, corporations use it, and other entities to report these types of distributions.
  2. Who is required to file a 1099-R federal tax form?
    Generally, if a person or entity has made a distribution from a regular pension, annuity, retirement plan, profit-sharing plan, or IRA of $10 or more, they must file a 1099-R sample.
  3. What information is required on the federal form 1099-R?
    The template requires the payer's and payee's names, addresses, and taxpayer identification numbers (TIN). It also requires the distribution amount, the type of payments, and the taxable amount.
  4. What is the deadline for filing the 1099-R copy?
    The deadline for filing the sample is January 31st of the year following the year the distribution was made.
  5. How is the taxable amount of the distribution determined?
    The taxable amount of the payments is determined by subtracting any pre-tax contributions or rollovers from the total payments amount. Any earnings on the contributions or rollovers are also subject to taxation.


The 1099-R form is an essential document for reporting distributions from retirement plans. It contains detailed information about the payments and the tax implications of the distribution. It's important to review the copy carefully and consult with a tax professional to ensure that you are filing your taxes correctly.