1099-R

Definition

Form 1099-R is an IRS information return used to report distributions from retirement accounts, pensions, annuities, and profit-sharing plans of $10 or more. The form is issued by the plan custodian and must be included when preparing the recipient's tax return, as distributions are generally taxable as ordinary income. Missing or late 1099-R forms are a common documentation issue CPAs must track during tax season.