Form IT-1099-R

Overview: Tax Form It 1099 R

Form IT-1099-R is a tax document that reports distributions from retirement accounts, such as individual retirement accounts (IRAs) and pensions. This form is used to report distributions made during the tax year and is sent to both the distribution recipient and the Internal Revenue Service (IRS). PDFLiner is an online platform that provides tools to create and edit PDF forms, including Form IT-1099-R.

Who needs form it-1099-r

If you received a distribution of $10 or more from your retirement account during the tax year, you will likely receive Form IT-1099-R. The form is sent by the financial institution that manages your account and is used to report the distribution to the IRS. You will need this form when you file your taxes, as it provides important information about the distribution, including the amount, type of distribution, and taxes withheld.

How to Fill Out It 1099 R Form on PDFLiner

PDFLiner offers an easy-to-use tool for filling out Form IT-1099-R. Here are general steps to follow:

1. Open the fillable template and fill in the payer's name, address, and TIN in the appropriate fields. 
2. Fill out the recipient's name, address, and TIN in the appropriate fields. 
3. Indicate the account number of the plan to which the distribution was made. 
4. Enter the distribution code in Box 7. 
5. Indicate the distribution amount in Box 1. 
6. Enter the taxable amount in Box 2a. 
7. Indicate any federal income tax withheld in Box 4. 
8. Provide any state tax withholding information in Boxes 15a and 15b, if applicable. 
9. Sign and date the form. 
10. Save, print, or share via email the completed form for your records

Deadlines for filing form it 1099 r

The deadline for financial institutions to provide Form IT-1099-R to recipients is January 31st of the year following the tax year in which the distribution was made. The deadline for filing the IT-1099-R form with the IRS is the end of February for paper filings or the end of March for electronic filings. If you do not receive your Form IT-1099-R by the deadline, contact your financial institution immediately to request a copy.