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Department of the Treasury
Internal Revenue Service
2024

Instructions for Forms

1099-R and 5498

Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs,
Insurance Contracts, etc.

Section references are to the Internal Revenue Code unless • Taxpayer identification numbers (TINs).
otherwise noted. • Backup withholding.
• Penalties.
Future Developments • The definitions of terms applicable for chapter 4 purposes
For the latest information about developments related to that are referenced in these instructions.
Forms 1099-R and 5498 and their instructions, such as • Other general topics.
legislation enacted after they were published, go to IRS.gov/ You can get the general instructions from General
Form1099R or IRS.gov/Form5498. Instructions for Certain Information Returns at IRS.gov/
What’s New 1099GeneralInstructions or go to IRS.gov/Form1099R or
IRS.gov/Form5498.
Automatic rollover amount increased. Beginning January E-filing returns. The Taxpayer First Act of 2019 authorized
1, 2024, the automatic rollover amount has increased from the Department of the Treasury and the IRS to issue
$5,000 to $7,000. See Automatic rollovers, later. regulations that reduce the 250-return e-file threshold. T.D.
Certain corrective distributions not subject to 10% early 9972, published February 23, 2023, lowered the e-file
distribution tax. Beginning on December 29, 2022, the threshold to 10 (calculated by aggregating all information
10% additional tax on early distributions does not apply to an returns), effective for information returns required to be filed
IRA distribution made pursuant to the rules of section 408(d) on or after January 1, 2024. Go to IRS.gov/InfoReturn for
(4), which consists of a contribution for that year and any e-file options.
earnings allocable to the contribution, as long as the Information Reporting Intake System (IRIS). The IRS has
distribution is made on or before the due date (including developed IRIS, an online portal that allows taxpayers to
extensions) of the income tax return. See Corrective electronically file (e-file) information returns after December
Distributions for more information. 31, 2022, for 2022 and later tax years. Go to IRS.gov/IRIS for
Designated Roth nonelective contributions and desig- additional information and updates.
nated Roth matching contributions. The SECURE 2.0 Act Online fillable forms. To ease statement furnishing
of 2022 permits certain nonelective contributions and requirements, Copies B, C, 1, and 2 have been made fillable
matching contributions that are made after December 29, online in a PDF format available at IRS.gov/Form1099R and
2022, to be designated as Roth contributions. IRS.gov/Form5498. You can complete these copies online for
Disaster tax relief. The special rules that provide for furnishing statements to recipients and for retaining in your
tax-favored withdrawals and repayments now apply to own files.
disasters that occur on or after January 26, 2021. See Qualified tuition program rollover to a Roth IRA.
Disaster-Related Relief in Pub. 590-B, Distributions From Effective with respect to distributions made after December
Individual Retirement Arrangements (IRAs). 31, 2023, a beneficiary of a section 529 qualified tuition
Increase in required minimum distribution (RMD) age. program is permitted to roll over a distribution from the
The age for RMDs was increased to 73 by the SECURE 2.0 section 529 account to a Roth IRA for the beneficiary, under
Act of 2022. For more information, see RMDs, later. certain conditions (for example, such rollover must be paid
through a direct trustee-to-trustee transfer, are subject to the
Penalty-free withdrawals for victims of domestic abuse.
Roth IRA annual contribution limit and a $35,000 lifetime limit,
Participants that self-certify that they experienced domestic
and must be from a section 529 account that has been open
abuse are permitted to withdraw up to the lesser of $10,000
for more than 15 years). Such rollovers are reported on Form
indexed (or 50% of the vested balance) within one year of
5498 as Roth IRA contributions and not as rollover
incident without penalty.
contributions.
Reminders Roth SEP IRAs and Roth SIMPLE IRAs. For tax years
In addition, see the current General Instructions for Certain beginning after December 31, 2022, a simplified employee
Information Returns for information on the following topics. pension (SEP) arrangement or SIMPLE IRA plan may allow
• Who must file (certain Foreign Financial Institutions (FFIs) an employee to designate a Roth IRA as the IRA to which
and U.S. payers that report on Form(s) 1099 to satisfy their contributions under the arrangement or plan are made.
Internal Revenue Code chapter 4 reporting requirements). Employer matching and nonelective contributions made to a
• When and where to file. Roth SEP or Roth SIMPLE IRA must be reported for the year
• Electronic reporting. in which the contributions are made to the employee's Roth
• Corrected and void returns. IRA, with the total reported in boxes 1 and 2a, using code 2
• Statements to recipients.

Feb 16, 2024 Cat. No. 27987M

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or 7 in box 7 and the IRA/SEP/SIMPLE checkbox in box 7 settlement to a former spouse under the name and TIN of the
checked. recipient, not that of the military retiree.
Specific Instructions for Form 1099-R Use Code 7 in box 7 for reporting military pensions or
survivor benefit annuities. Use Code 4 for reporting
File Form 1099-R, Distributions From Pensions, Annuities, CAUTION! death benefits paid to a survivor beneficiary on a
Retirement or Profit-Sharing Plans, IRAs, Insurance separate Form 1099-R. Do not combine with any other
Contracts, etc., for each person to whom you have made a codes.
designated distribution or are treated as having made a
distribution of $10 or more from profit-sharing or retirement Governmental section 457(b) plans. Report on Form
plans, any individual retirement arrangements (IRAs), 1099-R, not Form W-2, income tax withholding and
annuities, pensions, insurance contracts, survivor income distributions from a section 457(b) plan maintained by a state
benefit plans, permanent and total disability payments under or local government employer. Distributions from a
life insurance contracts, charitable gift annuities, etc. governmental section 457(b) plan to a participant or
Designated Roth nonelective contributions and beneficiary include all amounts that are paid from the plan.
designated Roth matching contributions must be reported on For more information, see Notice 2003-20 on page 894 of
Form 1099-R for the year in which the contributions are Internal Revenue Bulletin (IRB) 2003-19 at IRS.gov/pub/irs-
allocated. See Q&A L-9 of Notice 2024-2, available at irbs/irb03-19.pdf. Also, see Governmental section 457(b)
IRS.gov/irb/2024-02_IRB#NOT-2024-2. plan distributions, later, for information on distribution codes.
Also, report on Form 1099-R death benefits payments Nonqualified plans. Report any reportable distributions
made by employers that are not made as part of a pension, from commercial annuities. Report distributions to employee
profit-sharing, or retirement plan. See Box 1, later. plan participants from section 409A nonqualified deferred
compensation plans and eligible nongovernmental section
Payments of reportable death benefits in accordance with 457(b) plans on Form W-2, not on Form 1099-R; for
final regulations published under section 6050Y must be nonemployees, these payments are reportable on Form
reported on Form 1099-R. 1099-NEC. Report distributions to beneficiaries of deceased
plan participants on Form 1099-MISC. For more information,
Reportable disability payments made from a retirement see the Instructions for Forms 1099-MISC and 1099-NEC at
plan must be reported on Form 1099-R. IRS.gov/pub/irs-pdf/i1099mec.pdf.
Generally, do not report payments subject to withholding Section 404(k) dividends. Distributions of section 404(k)
of social security and Medicare taxes on this form. Report dividends from an employee stock ownership plan (ESOP),
such payments on Form W-2, Wage and Tax Statement. including a tax credit ESOP, are reported on Form 1099-R.
There is no special reporting for qualified charitable Distributions other than section 404(k) dividends from the
TIP distributions under section 408(d)(8) or qualified plan must be reported on a separate Form 1099-R.
health savings account (HSA) funding distributions Section 404(k) dividends paid directly from the corporation
described in section 408(d)(9), or for the payment of qualified to participants or their beneficiaries are reported on Form
health insurance premiums (including long-term care 1099-DIV. See Announcement 2008-56, 2008-26 I.R.B.
insurance premiums) for retired public safety officers 1192, available at IRS.gov/irb/2008-26_IRB#ANN-2008-56.
described in section 402(l).
Charitable gift annuities. If cash or capital gain property is
Reportable death benefits. Under section 6050Y and the donated in exchange for a charitable gift annuity, report
regulations thereunder, a payer must report reportable death distributions from the annuity on Form 1099-R. See
benefits paid after December 31, 2018, in connection with a Charitable gift annuities, later.
life insurance contract transferred after December 31, 2018, Life insurance, annuity, and endowment contracts.
in a reportable policy sale. Reportable death benefits are Report payments of matured or redeemed annuity,
amounts paid by reason of the death of the insured under a endowment, and life insurance contracts. However, you do
life insurance contract that has been transferred in a not need to file Form 1099-R to report the surrender of a life
reportable policy sale. In general, a reportable policy sale is insurance contract if it is reasonable to believe that none of
the acquisition of an interest in a life insurance contract, the payment is includible in the income of the recipient. If you
directly or indirectly, if the acquirer has no substantial family, are reporting the surrender of a life insurance contract, see
business, or financial relationship with the insured apart from Code 7, later. See, however, Box 1, later, for FFIs reporting in
the acquirer's interest in such life insurance contract. The a manner similar to section 6047(d) for the purposes of
payer of reportable death benefits must file a return that chapter 4 of the Internal Revenue Code.
includes certain information, including the name of the Report premiums paid by a trustee or custodian for the
reportable death benefits payment recipient, the date and cost of current life or other insurance protection. Costs of
gross amount of each payment, and the payer's estimate of current life insurance protection are not subject to the 10%
the buyer's investment in the contract. Under Regulations additional tax under section 72(t). See Cost of current life
section 1.6050Y-4(e), however, a payer does not have to file insurance protection, later.
a return for reportable death benefits payments in certain
situations, including when the reportable death benefits Report charges or payments for a qualified long-term care
payments are made to certain foreign payees and when the insurance contract against the cash value of an annuity
payer does not receive, and has no knowledge of any issuer contract or the cash surrender value of a life insurance
having received, a reportable policy sale payment statement. contract, which is excludable from gross income under
section 72(e)(11). See Code W, later.
Military retirement annuities. Report payments to military Section 1035 exchange. A tax-free section 1035
retirees or payments of survivor benefit annuities on Form exchange is the exchange of (a) a life insurance contract for
1099-R. Report military retirement pay awarded as a property

2 Instructions for Forms 1099-R and 5498 (2024)

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another life insurance contract, or for an endowment or section 403(b) plan). In addition, a designated Roth account
annuity contract, or for a qualified long-term care insurance may include certain nonelective contributions or matching
contract; (b) a contract of endowment insurance for another contributions that a participant designates as Roth
contract of endowment insurance that provides for regular contributions. Under the terms of the section 401(k) plan,
payments to begin no later than they would have begun section 403(b) plan, or governmental section 457(b) plan, the
under the old contract, or for an annuity contract, or for a designated Roth account must meet the requirements of
qualified long-term care insurance contract; (c) an annuity section 402A.
contract for an annuity contract or for a qualified long-term
A separate Form 1099-R must be used to report the
care insurance contract; or (d) a qualified long-term care
total annual distribution from a designated Roth
insurance contract for a qualified long-term care insurance CAUTION!
account.
contract. A contract shall not fail to be treated as an annuity
contract or as a life insurance contract solely because a Distributions allocable to an in-plan Roth rollover (IRR).
qualified long-term care insurance contract is a part of, or a The distribution of an amount allocable to the taxable amount
rider on, such contract. However, the distribution of other of an IRR, made within the 5-year period beginning with the
property or the cancellation of a contract loan at the time of first day of the participant’s tax year in which the rollover was
the exchange may be taxable and reportable on a separate made, is treated as includible in gross income for purposes of
Form 1099-R. applying section 72(t) to the distribution. The total amount
These exchanges of contracts are generally reportable on allocable to such an IRR is reported in box 10. See the
Form 1099-R. However, reporting on Form 1099-R is not instructions for Box 10. Amount Allocable to IRR Within 5
required if (a) the exchange occurs within the same Years, later. An IRR is a rollover within a retirement plan to a
company; (b) the exchange is solely a contract for contract designated Roth account in the same plan. See Notice
exchange, as defined above, that does not result in a 2010-84, 2010-51 I.R.B. 872, available at IRS.gov/irb/
designated distribution; and (c) the company maintains 2010-51_IRB#NOT-2010-84, as modified by Notice 2013-74,
adequate records of the policyholder's basis in the contracts. 2013-52 I.R.B. 819, available at IRS.gov/irb/
For example, a life insurance contract issued by Company X 2013-52_IRB#NOT-2013-74.
received in exchange solely for another life insurance
contract previously issued by Company X does not have to IRA Distributions
be reported on Form 1099-R as long as the company
For deemed IRAs under section 408(q), use the rules
maintains the required records. See Rev. Proc. 92-26, 1992-1
that apply to traditional IRAs or Roth IRAs, as
C.B. 744, for certain exchanges for which reporting is not TIP
applicable. Simplified employee pension (SEP) IRAs
required under section 6047(d). Also, see Rev. Rul. 2007-24,
and savings incentive match plan for employees (SIMPLE)
2007-21 I.R.B. 1282, available at IRS.gov/irb/
IRAs, however, may not be used as deemed IRAs.
2007-21_IRB#RR-2007-24, for certain transactions that do
not qualify as tax-free exchanges. For more information on Deemed IRAs. For more information on deemed IRAs in
partial exchanges of annuity contracts, see Rev. Proc. qualified employer plans, see Regulations section 1.408(q)-1.
2011-38, 2011-30 I.R.B. 66, available at IRS.gov/irb/
2011-30_IRB#RP-2011-38 . IRAs other than Roth IRAs. Unless otherwise instructed,
Regulations under section 6050Y provide that a section distributions from any IRA that is not a Roth IRA must be
1035 exchange constitutes a reportable policy sale in limited reported in boxes 1 and 2a. Check the “Taxable amount not
circumstances. Death benefits paid by reason of the death of determined” box in box 2b. But see:
the insured under the life insurance contract issued in such • Traditional, SEP, or SIMPLE IRA, later, for how to report the
circumstances are reportable death benefits that must be withdrawal of IRA contributions under section 408(d)(4);
reported on Form 1099-R. • Transfers, later, for information on trustee-to-trustee
transfers, including recharacterizations;
For more information on reporting taxable exchanges, see • Traditional, SEP, or SIMPLE IRA, later, for reporting a
Box 1. Gross Distribution, later. corrective distribution from an IRA under section 408(d)(5);
Prohibited transactions. If an IRA owner engages in a • IRA Revocation or Account Closure, later, for reporting IRA
prohibited transaction with respect to an IRA, the assets of revocations or account closures due to Customer
the IRA are treated as distributed on the first day of the tax Identification Program failures; and
year in which the prohibited transaction occurs. IRAs that • Traditional, SEP, or SIMPLE IRA, later, for reporting a
hold non-marketable securities and/or closely held transfer from a SIMPLE IRA to a non-SIMPLE IRA within the
investments, in which the IRA owner effectively controls the first 2 years of plan participation.
underlying assets of such securities or investments, have a The direct rollover provisions beginning later do not apply
greater potential for resulting in a prohibited transaction. to distributions from any IRA. However, taxable distributions
Enter Code 5 in box 7. from traditional IRAs and SEP IRAs may be rolled over into
an eligible retirement plan. See section 408(d)(3). SIMPLE
Designated Roth Account Contributions IRAs may also be rolled over into an eligible retirement plan,
An employer offering a section 401(k), 403(b), or but only after the first 2 years of plan participation.
governmental section 457(b) plan may allow participants to An IRA includes all investments under one IRA plan or
contribute all or a portion of the elective deferrals they are account. File only one Form 1099-R for distributions from all
otherwise eligible to make to a separate designated Roth investments under one plan that are paid in 1 year to one
account established under the plan. These contributions, recipient, unless you must enter different codes in box 7. You
which are made in lieu of elective deferrals, are designated do not have to file a separate Form 1099-R for each
Roth contributions. Contributions made under a section distribution under the plan.
401(k) plan must meet the requirements of Regulations
section 1.401(k)-1(f) (Regulations section 1.403(b)-3(c) for a

Instructions for Forms 1099-R and 5498 (2024) 3

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Roth IRAs. For distributions from a Roth IRA, report the employee or is closed by the trustee or custodian, report the
gross distribution in box 1 but generally leave box 2a blank. distribution as fully taxable.
Check the “Taxable amount not determined” box in box 2b.
Enter Code J, Q, or T, as appropriate, in box 7. Do not use For more information on IRAs that have been revoked, see
any other codes with Code Q or Code T. You may enter Code Rev. Proc. 91-70, 1991-2 C.B. 899.
8 or P with Code J. For the withdrawal of excess
Roth SEP IRAs and Roth SIMPLE IRAs
contributions, see Roth IRA under Box 2a. Taxable amount,
later. It is not necessary to mark the IRA/SEP/SIMPLE Employer matching and nonelective contributions made to a
checkbox. Roth SEP or Roth SIMPLE IRA must be reported in the same
manner as the reporting that would have applied if (1) there
Reporting Roth IRA conversions. You must report a were no after-tax contributions made to any of the
traditional, SEP, or SIMPLE IRA distribution that you know is employee's IRAs, and (2) the matching or nonelective
converted this year to a Roth IRA in boxes 1 and 2a contributions were made to an IRA that was not a Roth IRA
(checking box 2b “Taxable amount not determined” unless and then immediately converted to a Roth IRA. So, employer
otherwise directed elsewhere in these instructions), even if matching and nonelective contributions made to a Roth SEP
the conversion is a trustee-to-trustee transfer or is with the or Roth SIMPLE IRA must be reported for the year in which
same trustee. Enter Code 2 or 7 in box 7 depending on the the contributions are made to the employee's Roth IRA, with
participant's age. the total reported in boxes 1 and 2a, using code 2 or 7 in
IRA escheatment. Payments made from IRAs to state box 7 and the IRA/SEP/SIMPLE checkbox in box 7 checked.
unclaimed property funds must be reported on Form 1099-R.
See Rev. Rul. 2018-17, 2018-25 I.R.B. 753, available at Plan Escheatment
IRS.gov/irb/2018-25_IRB#RR-2018-17, as modified by Payments made from qualified plans on or after January 1,
Notice 2018-90, 2018-49 I.R.B. 826, available at IRS.gov/irb/ 2022, to state unclaimed property funds must be reported on
2018-49_IRB#NOT-2018-90. Form 1099-R. See Rev. Rul. 2020-24, 2020-45 I.R.B. 965,
available at IRS.gov/irb/2020-45_IRB#REV-RUL-2020-24.
IRA Revocation or Account Closure
If a traditional or Roth IRA is revoked during its first 7 days Deductible Voluntary Employee Contributions
(under Regulations section 1.408-6(d)(4)(ii)) or is closed at (DVECs)
any time by the IRA trustee or custodian due to a failure of If you are reporting a total distribution from a plan that
the taxpayer to satisfy the Customer Identification Program includes a distribution of DVECs, you may file a separate
requirements described in section 326 of the USA PATRIOT Form 1099-R to report the distribution of DVECs. If you do,
Act, the distribution from the IRA must be reported. In report the distribution of DVECs in boxes 1 and 2a on the
addition, Form 5498, IRA Contribution Information, must be separate Form 1099-R. For the direct rollover (explained
filed to report any regular, rollover, Roth IRA conversion, SEP later) of funds that include DVECs, a separate Form 1099-R
IRA, or SIMPLE IRA contribution to an IRA that is is not required to report the direct rollover of the DVECs.
subsequently revoked or closed by the trustee or custodian.
Direct Rollovers
If a regular contribution is made to a traditional or Roth IRA
You must report a direct rollover of an eligible rollover
that is later revoked or closed, and a distribution is made to
distribution. A direct rollover is the direct payment of the
the taxpayer, enter the gross distribution in box 1. If no
distribution from a qualified plan, a section 403(b) plan, or a
earnings are distributed, enter 0 (zero) in box 2a and Code 8
governmental section 457(b) plan to a traditional IRA, Roth
in box 7 for a traditional IRA and Code J for a Roth IRA. If
IRA, or other eligible retirement plan. For additional rules
earnings are distributed, enter the amount of earnings in
regarding the treatment of direct rollovers from designated
box 2a. For a traditional IRA, enter Codes 1 and 8, if
Roth accounts, see Designated Roth accounts, later. A direct
applicable, in box 7; for a Roth IRA, enter Codes J and 8, if
rollover may be made for the employee, for the employee's
applicable. These earnings could be subject to the 10%
surviving spouse, for the spouse or former spouse who is an
additional tax under section 72(t). If a rollover contribution is
alternate payee under a qualified domestic relations order
made to a traditional or Roth IRA that is later revoked or
(QDRO), or for a nonspouse designated beneficiary, in which
closed, and distribution is made to the taxpayer, enter in
case the direct rollover can only be made to an inherited IRA.
boxes 1 and 2a of Form 1099-R the gross distribution and the
If the distribution is paid to the surviving spouse, the
appropriate code in box 7 (Code J for a Roth IRA). Follow this
distribution is treated in the same manner as if the spouse
same procedure for a transfer from a traditional or Roth IRA
were the employee. See Part V of Notice 2007-7, 2007-5
to another IRA of the same type that is later revoked or
I.R.B. 395, available at IRS.gov/irb/
closed. The distribution could be subject to the 10%
2007-05_IRB#NOT-2007-7, and Notice 2020-51, 2020-29
additional tax under section 72(t).
I.R.B. 73, available at IRS.gov/irb/
If an IRA conversion contribution or a rollover from a 2020-29_IRB#NOT-2020-51, for guidance on direct rollovers
qualified plan is made to a Roth IRA that is later revoked or by nonspouse designated beneficiaries. Also, see Notice
closed, and a distribution is made to the taxpayer, enter the 2008-30, Part II, 2008-12 I.R.B. 638, available at IRS.gov/irb/
gross distribution in box 1 of Form 1099-R. If no earnings are 2008-12_IRB#NOT-2008-30, which has been amplified and
distributed, enter 0 (zero) in box 2a and Code J in box 7. If clarified by Notice 2009-75, 2009-39 I.R.B. 436, available at
earnings are distributed, enter the amount of the earnings in IRS.gov/irb/2009-39_IRB#NOT-2009-75, for questions and
box 2a and Code J in box 7. These earnings could be subject answers covering rollover contributions to Roth IRAs.
to the 10% additional tax under section 72(t).
An eligible rollover distribution is any distribution of all or
If an employer SEP IRA or SIMPLE IRA plan contribution any portion of the balance to the credit of the employee
is made and the SEP IRA or SIMPLE IRA is revoked by the (including net unrealized appreciation (NUA)) from a qualified

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plan, a section 403(b) plan, or a governmental section 457(b) Reporting a direct rollover. Report a direct rollover in
plan except the following. box 1 and a 0 (zero) in box 2a, unless the rollover is a direct
1. One of a series of substantially equal periodic rollover of a qualified rollover contribution other than from a
payments made at least annually over: designated Roth account. See Qualified rollover contributions
a. The life of the employee or the joint lives of the as defined in section 408A(e), later. You do not have to report
employee and the employee's designated beneficiary, capital gain in box 3 or NUA in box 6. Enter Code G in box 7
unless the rollover is a direct rollover from a designated Roth
b. The life expectancy of the employee or the joint life and account to a Roth IRA. See Designated Roth accounts, later.
last survivor expectancy of the employee and the employee's If the direct rollover is made by a nonspouse designated
designated beneficiary, or beneficiary, also enter Code 4 in box 7.
c. A specified period of 10 years or more. Prepare the form using the name and social security
2. A required minimum distribution (RMD) under section number (SSN) of the person for whose benefit the funds were
401(a)(9). A plan administrator is permitted to assume there rolled over (generally, the participant), not those of the trustee
is no designated beneficiary for purposes of determining the of the traditional IRA or other plan to which the funds were
minimum distribution. rolled.
3. Elective deferrals (under section 402(g)(3)) and If part of the distribution is a direct rollover and part is
employee contributions (including earnings on each) returned distributed to the recipient, prepare two Forms 1099-R.
because of the section 415 limits. For guidance on allocation of after-tax amounts to
4. Corrective distributions of excess deferrals (under rollovers, see Notice 2014-54, 2014-41 I.R.B. 670, available
section 402(g)) and earnings. at IRS.gov/irb/2014-41_IRB#NOT-2014-54.
5. Corrective distributions of excess contributions under a For more information on eligible rollover distributions,
qualified cash or deferred arrangement (under section including substantially equal periodic payments, RMDs, and
401(k)) and excess aggregate contributions (under section plan loan offset amounts, see Regulations sections
401(m)) and earnings. 1.402(c)-2 and 1.403(b)-7(b). See Rev. Rul. 2014-9, 2014-17
6. Loans treated as deemed distributions (under section I.R.B. 975, available at IRS.gov/irb/2014-17_IRB#RR-2014-9,
72(p)). However, qualified plan loan offset amounts and plan for information on rollovers to qualified plans. Also, see Rev.
loan offset amounts can be eligible rollover distributions. See Rul. 2002-62, which is on page 710 of I.R.B. 2002-42 at
section 402(c)(3)(C) and Regulations section 1.402(c)-2, IRS.gov/pub/irs-irbs/irb02-42.pdf, for guidance on
Q/A-9 and Plan Loan Offsets, later. substantially equal periodic payments.
7. Section 404(k) dividends. For information on distributions of amounts
8. Cost of current life insurance protection. TIP attributable to rollover contributions separately
accounted for by an eligible retirement plan and if
9. Distributions to a payee other than the employee, the
permissible timing restrictions apply, see Rev. Rul. 2004-12,
employee's surviving spouse, a spouse or former spouse
2004-7 I.R.B. 478, available at IRS.gov/irb/
who is an alternate payee under a QDRO, or a nonspouse
2004-07_IRB#RR-2004-12, as modified by Notice 2013-74.
designated beneficiary.
10. Any hardship distribution. Designated Roth accounts. A direct rollover from a
designated Roth account may only be made to another
11. A permissible withdrawal under section 414(w).
designated Roth account or to a Roth IRA. A distribution from
12. Prohibited allocations of securities in an S corporation a Roth IRA, however, cannot be rolled over into a designated
that are treated as deemed distributions. Roth account. In addition, a plan is permitted to treat the
13. Distributions of premiums for accident or health balance of the participant's designated Roth account and the
insurance under Regulations section 1.402(a)-1(e). participant's other accounts under the plan as accounts held
under two separate plans for purposes of applying the
Amounts paid under an annuity contract purchased for, automatic rollover rules of section 401(a)(31)(B) and Q/A-9
and distributed to, a participant under a qualified plan can through Q/A-11 of Regulations section 1.401(a)(31)-1. Thus,
qualify as eligible rollover distributions. See Regulations if a participant's balance in the designated Roth account is
section 1.402(c)-2, Q/A-10. less than $200, the plan is not required to offer a direct
Automatic rollovers. Eligible rollover distributions may also rollover election or to apply the automatic rollover provisions
include involuntary distributions that are more than $1,000 to such balance.
but not more than $7,000 and are made from a qualified plan A distribution from a designated Roth account that is a
to an IRA on behalf of a plan participant. Involuntary qualified distribution is tax free. A qualified distribution is a
distributions are generally subject to the automatic rollover payment that is made both after age 59 / (or after death or 1 2
provisions of section 401(a)(31)(B) and must be paid in a disabililty) and after the 5-tax-year period that begins with the
direct rollover to an IRA, unless the plan participant elects to first day of the first tax year in which a contribution is made to
have the rollover made to another eligible retirement plan or the designated Roth account. Certain amounts, including
to receive the distribution directly. corrective distributions, cannot be qualified distributions. See
For information on the notification requirements, see Regulations section 1.402A-1.
Explanation to Recipients Before Eligible Rollover If any portion of a distribution from a designated Roth
Distributions (Section 402(f) Notice), later. For additional account that is not includible in gross income is to be rolled
information, also see Notice 2005-5, 2005-3 I.R.B. 337, over into a designated Roth account under another plan, the
available at IRS.gov/irb/2005-03_IRB#NOT-2005-5, as rollover must be accomplished by a direct rollover. Any
modified by Notice 2005-95, 2005-51 I.R.B. 1172, available portion not includible in gross income that is distributed to the
at IRS.gov/irb/2005-51_IRB#NOT-2005-95. employee, however, cannot be rolled over to another

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designated Roth account, though it can be rolled over into a electronic section 402(f) notice must meet the requirements
Roth IRA within the 60-day period described in section for using electronic media in Regulations section
402(c)(3). In the case of a direct rollover, the distributing plan 1.401(a)-21.
is required to report to the recipient plan the amount of the
The notice must explain the rollover rules, the special tax
investment (basis) in the contract and the first year of the
treatment for certain lump-sum distributions, the direct
5-tax-year period, or that the distribution is a qualified
rollover option (and any default procedures), the mandatory
distribution.
20% withholding rules, and an explanation of how
For a direct rollover of a distribution from a designated distributions from the plan to which the rollover is made may
Roth account to a Roth IRA, enter the amount rolled over in have different restrictions and tax consequences than the
box 1 and 0 (zero) in box 2a. Use Code H in box 7. For all plan from which the rollover is made.
other distributions from a designated Roth account, use
Code B in box 7, unless Code E applies. If the direct rollover For periodic payments that are eligible rollover
is from one designated Roth account to another designated distributions, you must provide the notice before the first
Roth account, also enter Code G in box 7. payment and at least once a year as long as the payments
continue. For section 403(b) plans, the payer must provide an
For a direct rollover of a distribution from a section 401(k) explanation of the direct rollover option within the time period
plan, a section 403(b) plan, or a governmental section 457(b) described earlier or some other reasonable period of time.
plan to a designated Roth account in the same plan, enter
the amount rolled over in box 1, the taxable amount in box 2a, Notice 2020-62, 2020-35 I.R.B. 476, available at
and any basis recovery amount in box 5. Use Code G in IRS.gov/irb/2020-35_IRB#NOT-2020-62, contains two safe
box 7. harbor explanations that may be provided to recipients of
Report designated Roth nonelective contributions and eligible rollover distributions from an employer plan in order to
designated Roth matching contributions for the year in which satisfy section 402(f).
the contributions are allocated. Enter the total amount of Involuntary distributions. For involuntary distributions paid
designated Roth nonelective contributions and designated to an IRA in a direct rollover (automatic rollover), you may
Roth matching contributions that are allocated to an satisfy the notification requirements of section 401(a)(31)(B)
individual's acount in the year in boxes 1 and 2a. Use Code G (i) either separately or as a part of the section 402(f) notice.
in box 7. See Q&A L-9 of Notice 2024-2, available at The notification must be in writing and may be sent using
IRS.gov/irb/2024-02_IRB#NOT-2024-2. electronic media in accordance with Q/A-5 of Regulations
Qualified rollover contributions as defined in section section 1.402(f)-1. Also, see Notice 2005-5, Q/A-15.
408A(e). A qualified rollover contribution as defined in
section 408A(e) is: Transfers
• A rollover contribution to a Roth IRA from another IRA that Generally, do not report a transfer between trustees or
meets the requirements of section 408(d)(3), or issuers that involves no payment or distribution of funds to
• A rollover contribution to a Roth IRA from an eligible the participant, including a trustee-to-trustee transfer from
retirement plan (other than an IRA) that meets the one IRA to another IRA, valid transfers from one section
requirements of section 408A(e)(1)(B). 403(b) plan in accordance with paragraphs 1 through 3 of
For reporting a rollover from an IRA other than a Roth IRA Regulations section 1.403(b)-10(b), or for the purchase of
to a Roth IRA, see Reporting Roth IRA conversions, earlier. permissive service credit under section 403(b)(13) or section
For a direct rollover of an eligible rollover distribution to a 457(e)(17) in accordance with paragraph 4 of Regulations
Roth IRA (other than from a designated Roth account), report section 1.403(b)-10(b) and Regulations section 1.457-10(b)
the total amount rolled over in box 1, the taxable amount in (8). However, you must report:
box 2a, and any basis recovery amount in box 5. (See the • Recharacterized IRA contributions;
instructions for Box 5. FMV of Account, later.) Use Code G in • Roth IRA conversions;
box 7. If the direct rollover is made on behalf of a nonspouse • Direct rollovers from qualified plans, section 403(b) plans,
designated beneficiary, also enter Code 4 in box 7. or governmental section 457(b) plans, including any direct
rollovers from such plans that are IRRs or are qualified
For reporting instructions for a direct rollover from a rollover contributions described in section 408A(e); and
designated Roth account, see Designated Roth accounts, • Direct payments from IRAs to accepting employer plans.
earlier.
IRA recharacterizations. You must report each
Explanation to Recipients Before Eligible recharacterization of an IRA contribution. If a participant
Rollover Distributions (Section 402(f) Notice) makes a contribution to an IRA (first IRA) for a year, the
participant may choose to recharacterize the contribution by
For qualified plans, section 403(b) plans, and governmental transferring, in a trustee-to-trustee transfer, any part of the
section 457(b) plans, the plan administrator must provide to contribution (plus earnings) to another IRA (second IRA). The
each recipient of an eligible rollover distribution an contribution is treated as made to the second IRA
explanation using either a written paper document or an (recharacterization). A recharacterization may be made with
electronic medium (section 402(f) notice). The explanation the same trustee or with another trustee. The trustee of the
must be provided no more than 180 days and no fewer than first IRA must report the recharacterization as a distribution
30 days before making an eligible rollover distribution or on Form 1099-R and the contribution to the first IRA and its
before the annuity starting date. However, if the recipient who character on Form 5498.
has received the section 402(f) notice affirmatively elects a
distribution, you will not fail to satisfy the timing requirements Enter the fair market value (FMV) of the amount
merely because you make the distribution fewer than 30 days recharacterized in box 1, 0 (zero) in box 2a, and Code R in
after you provided the notice as long as you meet the box 7 if reporting a recharacterization of a prior-year (2023)
requirements of Regulations section 1.402(f)-1, Q/A-2. The contribution or Code N if reporting a recharacterization of a
contribution in the same year (2024). It is not necessary to

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check the IRA/SEP/SIMPLE checkbox. For more information year of deferral (other than designated Roth contributions),
on how to report, see Notice 2000-30 on page 1266 of I.R.B. but the earnings are taxable in the year distributed. Except for
2000-25 at IRS.gov/pub/irs-irbs/irb00-25.pdf. a SARSEP, if the distribution occurs after April 15, the excess
is taxable in the year of deferral and the year distributed. The
No recharacterizations of conversions made in 2018 or
earnings are taxable in the year distributed. For a SARSEP,
later. A conversion of a traditional IRA to a Roth IRA, and a
excess deferrals not withdrawn by April 15 are considered
rollover from any other eligible retirement plan to a Roth IRA,
regular IRA contributions subject to the IRA contribution
made in the participant’s tax years beginning after December
limits. Corrective distributions of excess deferrals are not
31, 2017, cannot be recharacterized as having been made to
subject to federal income tax withholding or social security
a traditional IRA.
and Medicare taxes. For losses on excess deferrals, see
Section 1035 exchange. You may have to report Losses, later. See Regulations section 1.457-4(e) for special
exchanges of insurance contracts, including an exchange rules relating to excess deferrals under governmental section
under section 1035, under which any designated distribution 457(b) plans.
may be made. For a section 1035 exchange that is in part
Excess contributions. Excess contributions can occur in a
taxable, file a separate Form 1099-R to report the taxable
section 401(k) plan or a SARSEP. All distributions of the
amount. See Section 1035 exchange, earlier.
excess contributions plus earnings (other than designated
SIMPLE IRAs. Do not report a trustee-to-trustee transfer Roth contributions), including recharacterized excess
from one SIMPLE IRA to another SIMPLE IRA. However, you contributions, are taxable to the participant in the year of
must report as a taxable distribution in boxes 1 and 2a a distribution. Report the gross distribution in box 1 of Form
trustee-to-trustee transfer from a SIMPLE IRA to an IRA that 1099-R. In box 2a, enter the excess contribution and
is not a SIMPLE IRA during the 2-year period beginning on earnings distributed less any designated Roth contributions.
the day contributions are first deposited in the individual's For a SARSEP, the employer must notify the participant by
SIMPLE IRA by the employer. Use Code S in box 7, if March 15 of the year after the year the excess contribution
appropriate. was made that the participant must withdraw the excess and
Transfer of an IRA to spouse. If you transfer or earnings. All distributions from a SARSEP are taxable in the
re-designate an interest from one spouse's IRA to an IRA for year of distribution. An excess contribution not withdrawn by
the other spouse under a divorce or separation instrument, April 15 of the year after the year of notification is considered
the transfer or re-designation, as provided under section a regular IRA contribution subject to the IRA contribution
408(d)(6), is tax free. Do not report such a transfer on Form limits.
1099-R. The 10% additional tax on early distributions does not
apply to an IRA distribution made pursuant to the rules of
Corrective Distributions section 408(d)(4), consisting of a return of a contribution for
You must report on Form 1099-R corrective distributions of that year and any earnings allocable to the contribution, as
excess deferrals, excess contributions and excess aggregate long as the distribution is made on or before the due date
contributions under section 401(a) plans, section 401(k) cash (including extensions) of the income tax return.
or deferred arrangements, section 403(a) annuity plans, Regulations have not been updated for SARSEPs.
section 403(b) salary reduction agreements, and salary
reduction simplified employee pensions (SARSEPs) under CAUTION!
section 408(k)(6). You must also report on Form 1099-R
corrective IRA distributions made under section 408(d)(4). Excess aggregate contributions. Excess aggregate
Excess contributions that are recharacterized under a section contributions under section 401(m) can occur in section
401(k) plan are treated as distributed. Corrective distributions 401(a), section 401(k), section 403(a), and section 403(b)
must include earnings through the end of the year in which plans. In general, a corrective distribution of excess
the excess arose. These distributions are reportable on Form aggregate contributions plus earnings is taxable to the
1099-R and are generally taxable in the year of the participant in the year the distribution was made. However, a
distribution (except for excess deferrals under section corrective distribution of excess aggregate contributions is
402(g)). Enter Code 8 or P in box 7 (with Code B, if not includible in gross income (other than earnings) to the
applicable) to designate the distribution and the year it is extent that it represents designated Roth contributions. See
taxable. Treas. Reg. section 1.401(m)-2(b)(2)(vi)(C). Report the gross
distribution in box 1 of Form 1099-R. In box 2a, enter the
Use a separate Form 1099-R to report a corrective excess and earnings distributed less any after-tax
distribution from a designated Roth account. contributions.
The total amount of the elective deferral is reported in Losses. If a corrective distribution of an excess deferral is
TIP box 12 of Form W-2. See the Instructions for Forms made in a year after the year of deferral and a net loss has
W-2 and W-3 for more information. been allocated to the excess deferral, report the corrective
distribution amount in boxes 1 and 2a of Form 1099-R for the
For more information about reporting corrective year of the distribution with the appropriate distribution code
distributions, see Table 1; Notice 89-32, 1989-1 C.B. 671; in box 7. If the excess deferrals consist of designated Roth
Notice 88-33, 1988-1 C.B. 513; Notice 87-77, 1987-2 C.B. contributions, report the corrective distribution amount in
385; and the regulations under sections 401(k), 401(m), box 1, 0 (zero) in box 2a, and the appropriate distribution
402(g), and 457. code in box 7. However, taxpayers must include the total
amount of the excess deferral (unadjusted for loss) in income
Excess deferrals. Excess deferrals under section 402(g) in the year of deferral, and they may report a loss on the tax
can occur in section 401(k) plans, section 403(b) plans, or return for the year the corrective distribution is made.
SARSEPs. If distributed by April 15 of the year following the
year of deferral, the excess is taxable to the participant in the

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Distributions Under Employee Plans You must also issue copies of the Forms 1099-R to the
Compliance Resolution System (EPCRS) plan participant with an explanation of why these new forms
are being issued. ADP and ACP test corrective distributions
The procedure for correcting excess annual additions under are exempt from the 10% additional tax under section 72(t).
section 415 is explained in the latest EPCRS revenue
procedure in section 6.06 of Rev. Proc. 2021-30, 2021-31 Loans Treated as Distributions
I.R.B. 172, available at IRS.gov/irb/2021-31_IRB#REV-
A loan from a qualified plan under section 401(a) or 403(a),
PROC-2021-30.
from a section 403(b) plan, or from a plan, whether or not
Distributions to correct a section 415 failure are not eligible qualified, that is maintained by the United States, a state or
rollover distributions although they are subject to federal political subdivision thereof, or any agency or instrumentality
income tax withholding under section 3405. They are not thereof, made to a participant or beneficiary is not treated as
subject to social security, Medicare, or Federal a distribution from the plan if the loan satisfies the following
Unemployment Tax Act (FUTA) taxes. In addition, such requirements.
distributions are not subject to the 10% additional tax under 1. The loan is evidenced by an enforceable agreement.
section 72(t).
2. The agreement specifies that the loan must be repaid
You may report the distribution of elective deferrals (other within 5 years, except for a principal residence.
than designated Roth contributions) and employee 3. The loan must be repaid in substantially level
contributions (and earnings attributable to such elective installments (at least quarterly).
deferrals and employee contributions) on the same Form
1099-R. However, if you made other distributions during the 4. The loan amount does not exceed the limits in section
year, report them on a separate Form 1099-R. Because the 72(p)(2)(A) (maximum limit is equal to the lesser of 50% of
distribution of elective deferrals (other than designated Roth the vested account balance or $50,000).
contributions) is fully taxable in the year distributed (no part of Certain exceptions, cure periods, and suspension of the
the distribution is a return of the investment in the contract), repayment schedule may apply.
report the total amount of the distribution in boxes 1 and 2a.
Leave box 5 blank, and enter Code E in box 7. For a return of The loan agreement must specify the amount of the loan,
employee contributions (or designated Roth contributions) the term of the loan, and the repayment schedule. The
plus earnings, enter the gross distribution in box 1, the agreement may include more than one document.
earnings attributable to the employee contributions (or If a loan fails to satisfy (1), (2), or (3), the balance of the
designated Roth contributions) being returned in box 2a, and loan is a deemed distribution. The distribution may occur at
the employee contributions (or designated Roth the time the loan is made or later if the loan is not repaid in
contributions) being returned in box 5. Enter Code E in box 7. accordance with the repayment schedule.
For more information, see Rev. Proc. 92-93, 1992-2 C.B. 505. If a loan fails to satisfy (4) at the time the loan is made, the
Similar rules apply to other corrective distributions under amount that exceeds the amount permitted to be loaned is a
EPCRS. Also, special Form 1099-R reporting is available for deemed distribution.
certain plan loan failures. See section 6.07 of Rev. Proc. Deemed distribution. If a loan is treated as a deemed
2021-30 for details. distribution, it is reportable on Form 1099-R using the normal
If excess employer contributions (other than elective taxation rules of section 72, including tax basis rules. The
deferrals), and the earnings on them, under SEP, SARSEP, or distribution may also be subject to the 10% additional tax
SIMPLE IRA plans are returned to an employer (with the under section 72(t). It is not eligible to be rolled over to an
participant's consent), enter the gross distribution (excess eligible retirement plan nor is it eligible for the 10-year tax
and earnings) in box 1 and 0 (zero) in box 2a. Enter Code E option. On Form 1099-R, complete the appropriate boxes,
in box 7. including boxes 1 and 2a, and enter Code L in box 7. Also,
enter Code 1 or Code B, if applicable.
Failing the ADP or ACP Test After a Total Interest that accrues after the deemed distribution of a
Distribution loan is not an additional loan and, therefore, is not reportable
If you make a total distribution in 2024 and file a Form 1099-R on Form 1099-R.
with the IRS and then discover in 2025 that the plan failed Loans that are treated as deemed distributions or that are
either the section 401(k)(3) actual deferral percentage (ADP) actual distributions are subject to federal income tax
test for 2024 and you compute excess contributions or the withholding. If such a distribution occurs after the loan is
section 401(m)(2) actual contribution percentage (ACP) test made, you must withhold only if you distributed cash or
and you compute excess aggregate contributions, you must property (other than employer securities) at the time of the
recharacterize part of the total distribution as excess deemed or actual distribution. See section 72(p), section
contributions or excess aggregate contributions. First, file a 72(e)(4)(A), and Regulations section 1.72(p)-1.
CORRECTED Form 1099-R for 2024 for the correct amount
of the total distribution (not including the amount Subsequent repayments. If a participant makes any cash
recharacterized as excess contributions or excess aggregate repayments on a loan that was reported on Form 1099-R as a
contributions). Second, file a new Form 1099-R for 2024 for deemed distribution, the repayments increase the
the excess contributions or excess aggregate contributions participant's tax basis in the plan as if the repayments were
and allocable earnings. after-tax contributions. However, such repayments are not
treated as after-tax contributions for purposes of section
Note. To avoid a late filing penalty if the new Form 1099-R is 401(m) or 415(c)(2)(B).
filed after the due date, enter in the bottom margin of Form For a deemed distribution that was reported on Form
1096, Annual Summary and Transmittal of U.S. Information 1099-R but was not repaid, the deemed distribution does not
Returns, the words “Filed To Correct Excess Contributions.” increase the participant's basis.

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Plan loan offsets. If a participant's accrued benefit is number (EIN) used to deposit any tax withheld and to file
reduced (offset) to repay a loan, the amount of the account Form 945, Annual Return of Withheld Federal
balance that is offset against the loan is an actual distribution. Income Tax.
Report it as you would any other actual distribution. Do not
enter Code L in box 7. Beneficiaries
A qualified plan loan offset is a type of plan loan offset that If you make a distribution to a beneficiary, trust, or estate,
meets certain requirements. In order to be a qualified plan prepare Form 1099-R using the name and TIN of the
loan offset, the loan, at the time of the offset, must be a loan beneficiary, trust, or estate, not that of the decedent. If there
in good standing and the offset must be solely by reason of are multiple beneficiaries, report on each Form 1099-R only
(1) the termination of the qualified employer plan, or (2) the the amount paid to the beneficiary whose name appears on
failure to meet the repayment terms because the employee the Form 1099-R, and enter the percentage in box 9a, if
had a severance from employment. Report a qualified plan applicable.
loan offset as you would any other actual distribution. In Disclaimers. A beneficiary may make a qualified disclaimer
addition, enter Code M in box 7. of all or some of an IRA account balance if the disclaimed
amount and income are paid to a new beneficiary or
Permissible Withdrawals Under Section 414(w) segregated in a separate account. A qualified disclaimer may
For permissible withdrawals from an eligible automatic be made after the beneficiary has previously received the
contribution arrangement (EACA) under section 414(w): RMD for the year of the decedent's death. For more
• The distribution (except to the extent the distribution information, see Rev. Rul. 2005-36, 2005-26 I.R.B. 1368,
consists of designated Roth contributions) is included in the available at IRS.gov/irb/2005-26_IRB#RR-2005-36.
employee's gross income in the year distributed;
• Report principal and earnings in boxes 1 and 2a except, in Alternate Payee Under a QDRO
the case of a distribution from a designated Roth account, Distributions to an alternate payee who is a spouse or former
report only earnings in box 2a; spouse of the employee under a QDRO are reportable on
• The distribution is not subject to the 10% additional tax Form 1099-R using the name and TIN of the alternate payee.
under section 72(t), indicated by reporting Code 2 in box 7; If the alternate payee under a QDRO is a nonspouse, enter
and the name and TIN of the employee. However, this rule does
• The distribution must be elected by the employee no later not apply to IRAs; see Transfer of an IRA to spouse, earlier.
than 90 days after the first default elective contribution under
the EACA, as specified in Regulations section 1.414(w)-1(c) Nonresident Aliens
(2). If income tax is withheld under section 3405 on any
distribution to a nonresident alien, report the distribution and
If the distribution is from a designated Roth account, enter withholding on Form 1099-R. Also, file Form 945 to report the
Code B as well as Code 2 in box 7. withholding. See the presumption rules in part S of the
current General Instructions for Certain Information Returns.
Corrected Form 1099-R
If you filed a Form 1099-R with the IRS and later discover that However, any payments to a nonresident alien from any
there is an error on it, you must correct it as soon as possible. trust under section 401(a); any annuity plan under section
For example, if you transmit a direct rollover and file a Form 403(a); any annuity, custodial account, or retirement income
1099-R with the IRS reporting that none of the direct rollover account under section 403(b); or any IRA account under
is taxable by entering 0 (zero) in box 2a, and you then section 408(a) or (b) are subject to withholding under section
discover that part of the direct rollover consists of RMDs 1441, unless there is an exception under a tax treaty. Report
under section 401(a)(9), you must file a corrected Form the distribution and withholding on Form 1042, Annual
1099-R reporting the eligible rollover distribution as the direct Withholding Tax Return for U.S. Source Income of Foreign
rollover and file a new Form 1099-R reporting the RMD as if it Persons, and Form 1042-S, Foreign Person's U.S. Source
had been distributed to the participant. See part H in the Income Subject to Withholding.
current General Instructions for Certain Information Returns, For guidance regarding covered expatriates, see Notice
or Pub. 1220, if filing electronically. 2009-85, 2009-45 I.R.B. 598, available at IRS.gov/irb/
2009-45_IRB#NOT-2009-85.
If you filed a Form 1099-R with the IRS reporting a
payment of reportable death benefits, you must file a Statements to Recipients
corrected return within 15 calendar days of recovering any
portion of the reportable death benefits from the reportable If you are required to file Form 1099-R, you must furnish a
death benefits payment recipient as a result of the rescission statement to the recipient. For more information about the
of the reportable policy sale. requirement to furnish a statement to each recipient, see part
M in the current General Instructions for Certain Information
If you furnished a statement to the reportable death Returns.
benefits payment recipient, you must furnish the recipient Truncating recipient's TIN on payee statements.
with a corrected statement within 15 calendar days of Pursuant to Regulations section 301.6109-4, all filers of Form
recovering any portion of the reportable death benefits from 1099-R may truncate a recipient’s TIN (social security
the reportable death benefits payment recipient as a result of number (SSN), individual taxpayer identification number
the rescission of the reportable policy sale. (ITIN), adoption taxpayer identification number (ATIN), or
employer identification number (EIN)) on payee statements.
Filer Truncation is not allowed on any documents the filer files with
The payer, trustee, or plan administrator must file Form the IRS. A payer's TIN may not be truncated on any form. See
1099-R using the same name and employer identification

Instructions for Forms 1099-R and 5498 (2024) 9

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part J in the current General Instructions for Certain For section 1035 exchanges that are reportable on Form
Information Returns for more information. 1099-R, enter the total value of the contract in box 1, 0 (zero)
in box 2a, the total premiums paid in box 5, and Code 6 in
Do not enter a negative amount in any box on Form
box 7.
TIP 1099-R.
Designated Roth account distributions. If you are making
a distribution from a designated Roth account, enter the
Account Number gross distribution in box 1, the taxable portion of the
The account number is required if you have multiple accounts distribution in box 2a, the basis included in the distributed
for a recipient for whom you are filing more than one Form amount in box 5, any amount allocable to an IRR made within
1099-R. the previous 5 years (unless an exception to section 72(t)
applies) in box 10, and the first year of the 5-tax-year period
The account number is also required if you check the for determining qualified distributions in box 11. Also, enter
“FATCA filing requirement” box. See Box 12. FATCA Filing the applicable code(s) in box 7.
Requirement Checkbox, later.
Roth SEP IRAs and Roth SIMPLE IRAs. Employer
Additionally, the IRS encourages you to designate an matching and nonelective contributions made to a Roth SEP
account number for all Forms 1099-R that you file. See part L or Roth SIMPLE IRA must be reported for the year in which
in the current General Instructions for Certain Information the contributions are made to the employee's Roth IRA, with
Returns. the total reported in boxes 1 and 2a, using code 2 or 7 in
The policy number of the life insurance contract under box 7 and the IRA/SEP/SIMPLE checkbox in box 7 checked.
which benefits are paid is required if you are reporting a Employer securities and other property. If you distribute
payment of reportable death benefits. employer securities or other property, include in box 1 the
FMV of the securities or other property on the date of
Box 1. Gross Distribution distribution. If there is a loss, see Losses, later.
Enter the total amount of the distribution before income tax or
If you are distributing worthless property only, you are not
other deductions were withheld. Include direct rollovers, IRA
required to file Form 1099-R. However, you may file and enter
direct payments to accepting employer plans,
0 (zero) in boxes 1 and 2a and any after-tax employee
recharacterized IRA contributions, Roth IRA conversions, and
contributions or designated Roth contributions in box 5.
premiums paid by a trustee or custodian for the cost of
current life or other insurance protection. Also, include in this Charitable gift annuities. If cash or capital gain property is
box distributions to plan participants from governmental donated in exchange for a charitable gift annuity, report the
section 457(b) plans. However, in the case of a distribution by total amount distributed during the year in box 1. See
a trust representing certificates of deposit (CDs) redeemed Charitable gift annuities under Box 3. Capital Gain (Included
early, report the net amount distributed. Also, see Box 6, in Box 2a), later.
later. FFIs reporting in a manner similar to section 6047(d). If
For a distribution from a traditional IRA of assets that do you are a participating FFI electing to report with respect to a
not have a readily available FMV, enter Code K in box 7. cash value insurance contract or annuity contract that is a
U.S. account held by a specified U.S. person in a manner
Include in this box the value of U.S. Savings Bonds
similar to section 6047(d), include in box 1 any amount paid
distributed from a plan. Enter the appropriate taxable amount
under the contract during the reporting period (that is, the
in box 2a. Furnish a statement to the plan participant showing
calendar year or the year ending on the most recent contract
the value of each bond at the time of distribution. This will
anniversary date).
provide them with the information necessary to figure the
interest income on each bond when it is redeemed. Do not report the account balance or value (as of the
Include in box 1 amounts distributed from a qualified ! end of the reporting period) in box 1. Participating
retirement plan for which the recipient elects to pay health CAUTION FFIs reporting in a manner similar to section 6047(d)
insurance premiums under a cafeteria plan or that are paid should check the Recent Developments section for Form
directly to reimburse medical care expenses incurred by the 1099-R at IRS.gov/Form1099R before filing for 2024.
recipient (see Rev. Rul. 2003-62 on page 1034 of I.R.B.
2003-25 at IRS.gov/pub/irs-irbs/irb03-25.pdf). Also, include Box 2a. Taxable Amount
this amount in box 2a. When determining the taxable amount to be entered
Include in box 1 charges or payments for qualified ! in box 2a, do not reduce the taxable amount by any
long-term care insurance contracts under combined CAUTION portion of the $3,000 exclusion for which the
arrangements. Enter Code W in box 7. participant may be eligible as a payment of qualified health
and long-term care insurance premiums for retired public
In addition to reporting distributions to beneficiaries of
safety officers under section 402(l).
deceased employees, report here any death benefit
payments made by employers that are not made as part of a Generally, you must enter the taxable amount in box 2a.
pension, profit-sharing, or retirement plan. Also, enter these However, if you are unable to reasonably obtain the data
amounts in box 2a; enter Code 4 in box 7. needed to compute the taxable amount, leave this box blank.
Except as provided under Box 6, later, do not enter
Do not report accelerated death benefits on Form
excludable or tax-deferred amounts reportable in boxes 5, 6,
! 1099-R. Report them on Form 1099-LTC, Long-Term and 8. Enter 0 (zero) in box 2a for:
CAUTION Care and Accelerated Death Benefits.
• A direct rollover (other than an IRR) from a qualified plan, a
Include in box 1 the amount of any payment of reportable section 403(b) plan, or a governmental section 457(b) plan to
death benefits. another such plan or to a traditional IRA;

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• A direct rollover from a designated Roth account to a Roth distribution is $4,700 ($9,400/$10,000 x $5,000). The issuer
IRA; would report on Form 1099-R:
• An amount from a traditional, SEP, or SIMPLE IRA directly • Box 1, $5,000 as the gross distribution;
transferred to an accepting employer plan; • Box 2a, $300 as the taxable amount;
• An IRA recharacterization; • Box 4, $60 ($300 x 20% (0.20) as the withholding on the
• A nontaxable section 1035 exchange of life insurance, earnings portion of the distribution;
annuity, endowment, or long-term care insurance contracts; • Box 5, $4,700 as the designated Roth contribution basis
or (nontaxable amount);
• A nontaxable charge or payment, for the purchase of a • Box 7, Code B; and
qualified long-term care insurance contract, against the cash • The first year of the 5-tax-year period in box 11.
value of an annuity contract or the cash surrender value of a Using the same facts as in the example above, except that
life insurance contract. the distribution was a direct rollover to a Roth IRA, the issuer
Annuity starting date in 1998 or later. If you made annuity would report on Form 1099-R:
payments from a qualified plan under section 401(a), 403(a), • Box 1, $5,000 as the gross distribution;
or 403(b) and the annuity starting date is in 1998 or later, you • Box 2a, 0 (zero) as the taxable amount;
must use the simplified method under section 72(d)(1) to • Box 4, no entry;
figure the taxable amount. Under this method, the expected • Box 5, $4,700 as the designated Roth contribution basis
number of payments you use to figure the taxable amount (nontaxable amount);
depends on whether the payments are based on the life of • Box 7, Code H; and
one or more than one person. See Notice 98-2, 1998-1 C.B. • The first year of the 5-tax-year period in box 11.
266, and Pub. 575, Pension and Annuity Income, to help you Disability retirement annuity. If annuity payments are
figure the taxable amount to enter in box 2a. made under a workers’ compensation act or under a statute
Annuity starting date after November 18, 1996, and be- in the nature of a workers’ compensation act, as
fore 1998. Under the simplified method for figuring the compensation for personal injuries or sickness incurred
taxable amount, the expected number of payments is based during the course of employment, and a portion of the annuity
only on the primary annuitant's age on the annuity starting payments are based on age or length of service under the
date. See Notice 98-2. retirement plan, enter the taxable portion of the annuity in
box 2a. See Rev. Rul. 85-105, 1985-2 C.B. 53. Enter
Annuity starting date before November 19, 1996. If you distribution code 3 in box 7.
properly used the rules in effect before November 19, 1996,
for annuities that started before that date, continue to report Losses. If a distribution is a loss, do not enter a negative
using those rules. No changes are necessary. amount in this box. For example, if an employee's 401(k)
account balance, consisting solely of stock, is distributed but
Corrective distributions. Enter in box 2a the amount of the value is less than the employee's remaining after-tax
excess deferrals, excess contributions, or excess aggregate contributions or designated Roth contributions, enter the
contributions (other than employee contributions or value of the stock in box 1, leave box 2a blank, and enter the
designated Roth contributions). See Corrective Distributions, employee's contributions or designated Roth contributions in
earlier. box 5.
Cost of current life insurance protection. Include current For a plan with no after-tax contributions or designated
life insurance protection costs (net premium costs) that were Roth contributions, even though the value of the account may
reported in box 1. However, do not report these costs and a have decreased, there is no loss for reporting purposes.
distribution on the same Form 1099-R. Use a separate Form Therefore, if there are no employer securities distributed,
1099-R for each. For the cost of current life insurance show the actual cash and/or FMV of property distributed in
protection, enter Code 9 in box 7. boxes 1 and 2a, and make no entry in box 5. If only employer
DVECs. Include DVEC distributions in this box. Also, see securities are distributed, show the FMV of the securities in
Deductible Voluntary Employee Contributions (DVECs), boxes 1 and 2a and make no entry in box 5 or 6. If both
earlier. employer securities and cash or other property are
distributed, show the actual cash and/or FMV of the property
Designated Roth account. Generally, a distribution from a (including employer securities) distributed in box 1, the gross
designated Roth account that is not a qualified distribution is less any NUA on employer securities in box 2a (except as
taxable to the recipient under section 402 in the case of a provided under Box 6. Net Unrealized Appreciation (NUA) in
plan qualified under section 401(a), under section 403(b)(1) Employer’s Securities, later), no entry in box 5, and any NUA
in the case of a section 403(b) plan, and under section in box 6.
457(a)(1)(A) in the case of a governmental section 457(b)
plan. For purposes of section 72, designated Roth Roth IRA. For a distribution from a Roth IRA, report the total
contributions are treated as employer contributions, as distribution in box 1 and leave box 2a blank except in the
described in section 72(f)(1) (that is, as includible in the case of an IRA revocation or account closure and a
participant's gross income). recharacterization, earlier. Use Code J, Q, or T as
Examples. Participant A received a nonqualified appropriate in box 7. Use Code 8 or P, if applicable, in box 7
distribution of $5,000 from the participant's designated Roth with Code J. Do not combine Code Q or T with any other
account. Immediately before the distribution, the participant's codes.
account balance was $10,000, consisting of $9,400 of However, for the distribution of excess Roth IRA
designated Roth contributions and $600 of earnings. The contributions, report the gross distribution in box 1 and only
taxable amount of the $5,000 distribution is $300 the earnings in box 2a. Enter Code J and Code 8 or P in
($600/$10,000 x $5,000). The nontaxable portion of the box 7.

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Roth IRA conversions. Report the total amount converted Box 2b. Total Distribution
from a traditional IRA, SEP IRA, or SIMPLE IRA to a Roth IRA Enter an “X” in this box only if the payment shown in box 1 is
in box 2a. Check the “Taxable amount not determined” box in a total distribution. A total distribution is one or more
box 2b. A conversion is considered a distribution and must be distributions within 1 tax year in which the entire balance of
reported even if it is with the same trustee and even if the the account is distributed. If periodic or installment payments
conversion is done by a trustee-to-trustee transfer. When an are made, mark this box in the year the final payment is
individual retirement annuity described in section 408(b) is made.
converted to a Roth IRA, the amount that is treated as
distributed is the FMV of the annuity contract on the date the Box 3. Capital Gain (Included in Box 2a)
annuity contract is converted. This rule also applies when a If any amount is taxable as a capital gain, report it in box 3.
traditional IRA holds an annuity contract as an account asset
and the traditional IRA is converted to a Roth IRA. Charitable gift annuities. Report in box 3 any amount from
Determining the FMV of an individual retirement annuity a charitable gift annuity that is taxable as a capital gain.
issued by a company regularly engaged in the selling of Report in box 1 the total amount distributed during the year.
contracts depends on the timing of the conversion as outlined Report in box 2a the taxable amount. Advise the annuity
in Q/A-14 of Regulations section 1.408A-4. recipient of any amount in box 3 subject to the 28% rate gain
for collectibles and any unrecaptured section 1250 gain.
For a Roth IRA conversion, use Code 2 in box 7 if the Report in box 5 any nontaxable amount. Enter Code F in
participant is under age 59 / or Code 7 if the participant is at 1 2
box 7. See Regulations section 1.1011-2(c), Example 8.
least age 59 / . Also, check the IRA/SEP/SIMPLE checkbox 1 2
in box 7. Special rule for participants born before January 2,
1936 (or their beneficiaries). For lump-sum distributions
Roth SEP IRAs and Roth SIMPLE IRAs. Employer from qualified plans only, enter the amount in box 2a eligible
matching and nonelective contributions made to a Roth SEP for the capital gain election under section 1122(h)(3) of the
or Roth SIMPLE IRA must be reported for the year in which Tax Reform Act of 1986 and section 641(f)(3) of the
the contributions are made to the employee's Roth IRA, with Economic Growth and Tax Relief Reconciliation Act of 2001.
the total reported in boxes 1 and 2a, using code 2 or 7 in Enter the full amount eligible for the capital gain election. You
box 7 and the IRA/SEP/SIMPLE checkbox in box 7 checked. should not complete this box for a direct rollover.
Traditional, SEP, or SIMPLE IRA. Generally, you are not To compute the months of an employee's active
required to compute the taxable amount of a traditional, SEP, participation before 1974, count as 12 months any part of a
or SIMPLE IRA or designate whether any part of a calendar year in which an employee actively participated
distribution is a return of basis attributable to nondeductible under the plan; for active participation after 1973, count as 1
contributions. Therefore, except as provided below or month any part of a month in which the employee actively
elsewhere in these instructions, report the total amount participated under the plan. See the Example, later.
distributed from a traditional, SEP, or SIMPLE IRA in box 2a.
This will be the same amount reported in box 1. Check the Active participation begins with the first month in which an
“Taxable amount not determined” box in box 2b. employee became a participant under the plan and ends with
• For a distribution by a trust representing CDs redeemed the earliest of:
early, report the net amount distributed. Do not include any • The month in which the employee received a lump-sum
amount paid for IRA insurance protection in this box. distribution under the plan;
• For a distribution of contributions plus earnings from an • For an employee, other than a self-employed person or
IRA before the due date of the return under section 408(d)(4), owner-employee, the month in which the employee separates
report the gross distribution in box 1, only the earnings in from service;
box 2a, and enter Code 8 or P, whichever is applicable, in • The month in which the employee dies; or
box 7. Also, enter Code 1 or 4, if applicable. • For a self-employed person or owner-employee, the first
• For a distribution of excess contributions without earnings month in which the employee becomes disabled within the
after the due date of the individual's return under section meaning of section 72(m)(7).
408(d)(5), leave box 2a blank, and check the “Taxable Example.
amount not determined” box in box 2b. Use Code 1 or 7 in
box 7 depending on the age of the participant.
• For an amount in a traditional IRA or a SEP IRA paid
directly to an accepting employer plan, or an amount in a
SIMPLE IRA paid directly to an accepting employer plan after
the first 2 years of plan participation, enter the gross amount
in box 1, 0 (zero) in box 2a, and Code G in box 7.

Box 2b. Taxable Amount Not Determined
Enter an “X” in this box if you are unable to reasonably obtain
the data needed to compute the taxable amount.
In addition, enter an “X” in this box if you are an FFI
reporting in box 1 to satisfy your chapter 4 reporting
requirement under the election described in Regulations
section 1.1471-4(d)(5)(i)(B).
If you check this box, leave box 2a blank; but see
Traditional, SEP, or SIMPLE IRA, earlier. Except for IRAs,
make every effort to compute the taxable amount.

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Method for Computing Amount Eligible for Roth account distribution that is not directly rolled over. The
Capital Gain Election (See Box 3. Capital Gain recipient cannot claim exemption from the 20% withholding
(Included in Box 2a), earlier.) but may ask to have additional amounts withheld on Form
Step 1. Total Taxable Amount W-4P, Withholding Certificate for Pension or Annuity
Payments. If the recipient is not asking that additional
A. Total distribution XXXXX amounts be withheld, Form W-4P is not required for an
B. Less: eligible rollover distribution because 20% withholding is
1. Current actuarial value of any annuity XXXX mandatory.
2. Employee contributions or designated Roth Employer securities and plan loan offset amounts that are
contributions (minus any amounts previously part of an eligible rollover distribution must be included in the
distributed that were not includible in the amount multiplied by 20% (0.20). However, the actual
employee's gross income) XXXX amount to be withheld cannot be more than the sum of the
3. Net unrealized appreciation in the value of any cash and the FMV of property (excluding employer securities
employer securities that was a part of the and plan loan offset amounts). For example, if the only part of
lump-sum distribution XXXX an eligible rollover distribution that is not a direct rollover is
C. Total of lines 1 through 3 XXXXX employer securities or a plan loan offset amount, no
D. Total taxable amount. Subtract line C from line XXXXX withholding is required. However, unless otherwise exempt,
A. any cash that is paid in the distribution must be used to
satisfy the withholding on the employer securities or plan loan
Step 2. Capital Gain offset amount.
Depending on the type of plan or arrangement, the payer
or, in some cases, the plan administrator is required to
withhold 20% of eligible rollover distributions from a qualified
Total taxable Months of active plan's distributed annuity and on eligible rollover distributions
amount participation before 1974 from a governmental section 457(b) plan. For additional
line D X ____________________ = Capital gain information, see section 3405(d) and Regulations sections
Total months of active 35.3405-1T, Q/A A-13; and 31.3405(c)-1, Q/A-4 and -5. For
participation governmental section 457(b) plans only, see Notice 2003-20
on page 894 of I.R.B. 2003-19.
Any NUA excludable from gross income under section
Box 4. Federal Income Tax Withheld 402(e)(4) is not included in the amount of any eligible rollover
Enter any federal income tax withheld. This withholding distribution that is subject to 20% withholding.
under section 3405 is subject to deposit rules and the You are not required to withhold 20% of an eligible rollover
withholding tax return is Form 945. Backup withholding does distribution that, when aggregated with other eligible rollover
not apply. See Pub. 15-A, Employer's Supplemental Tax distributions made to one person during the year, is less than
Guide, and the Instructions for Form 945 for more withholding $200.
information. IRAs. The 20% withholding does not apply to distributions
Even though you may be using Code 1 in box 7 to from any IRA, but withholding does apply to IRAs under the
designate an early distribution subject to the 10% additional rules for periodic payments and nonperiodic distributions. For
tax specified in section 72(q), (t), or (v), you are not required withholding, assume that the entire amount of a distribution
to withhold that tax. from an IRA other than a Roth IRA is taxable (except for the
distribution of contributions under section 408(d)(4), in which
The amount withheld cannot be more than the sum of only the earnings are taxable, and section 408(d)(5), as
TIP the cash and the FMV of property (excluding applicable). Generally, Roth IRA distributions are not subject
employer securities) received in the distribution. If a to withholding except on the earnings portion of excess
distribution consists solely of employer securities and cash contributions distributed under section 408(d)(4).
($200 or less) in lieu of fractional shares, no withholding is
required. An IRA recharacterization is not subject to income tax
withholding.
To determine your withholding requirements for any Periodic payments. For periodic payments that are not
designated distribution under section 3405, you must first eligible rollover distributions, withhold on the taxable part as
determine whether the distribution is an eligible rollover though the periodic payments were wages, based on the
distribution. See Direct Rollovers, earlier, for a discussion of recipient's Form W-4P. The recipient may request additional
eligible rollover distributions. If the distribution is not an withholding on Form W-4P or claim exemption from
eligible rollover distribution, the rules for periodic payments or withholding. If a recipient does not submit a Form W-4P,
nonperiodic distributions apply. For purposes of withholding, withhold by treating the recipient as single with no
distributions from any IRA are not eligible rollover adjustments. See Regulations section 35.3405-1T, Q/A A-9,
distributions. for a definition of periodic payments. See Pub. 15-A for
additional information regarding withholding on periodic
Eligible rollover distribution; 20% withholding. If an
payments and Pub. 15-T for applicable tables used to
eligible rollover distribution is paid directly to an eligible
determine withholding on periodic payments.
retirement plan in a direct rollover, do not withhold federal
income tax. If any part of an eligible rollover distribution is not Rather than Form W-4P, military retirees should give
a direct rollover, you must withhold 20% of the part that is TIP you Form W-4, Employee's Withholding Certificate.
paid to the recipient and includible in gross income. This
includes the earnings portion of any nonqualified designated

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Nonperiodic distributions. Withhold 10% of the taxable If you are unable to reasonably obtain the data necessary
part of a nonperiodic distribution that is not an eligible rollover to compute the taxable amount, leave box 2a blank, leave
distribution. In most cases, designated distributions from any box 5 blank (except in the case of a payment of reportable
IRA are treated as nonperiodic distributions subject to death benefits), and check the first box in box 2b. In the case
withholding at the 10% rate even if the distributions are paid of a payment of reportable death benefits, box 5 must be
over a periodic basis. See Regulations section 35.3405-1T, completed.
Q/A F-15. The recipient may request additional withholding
on Form W-4R or claim exemption from withholding. For For more information, see Rev. Proc. 92-86, 1992-2 C.B.
more information on nonperiodic distributions and 495, and section 72(d).
withholding, see Regulations section 35-3405-1T, Q/A A-12, For reporting charitable gift annuities, see Charitable gift
and parts C, D, and F. annuities, earlier.
Failure to provide TIN. For periodic payments and
nonperiodic distributions, if a payee fails to furnish their Box 6. Net Unrealized Appreciation (NUA) in
correct TIN to you in the manner required, or if the IRS Employer's Securities
notifies you before any distribution that the TIN furnished is Use this box if a distribution from a qualified plan (except a
incorrect, a payee cannot claim exemption from withholding. qualified distribution from a designated Roth account)
For periodic payments, withhold as if the payee was single includes securities of the employer corporation (or a
claiming no withholding allowances. For nonperiodic subsidiary or parent corporation) and you can compute the
payments, withhold 10%. Backup withholding does not apply. NUA in the employer's securities. Enter all the NUA in
employer securities if this is a lump-sum distribution. If this is
Box 5. Employee Contributions/Designated Roth not a lump-sum distribution, enter only the NUA in employer
Account Contributions or Insurance Premiums securities attributable to employee contributions. See
Enter the employee's contributions, designated Roth account Regulations section 1.402(a)-1(b) for the determination of the
contributions, or insurance premiums that the employee may NUA. Also, see Notice 89-25, Q/A-1, 1989-1 C.B. 662.
recover tax free this year (even if they exceed the box 1 Include the NUA in box 1 but not in box 2a except in the case
amount). The entry in box 5 may include any of the following: of a direct rollover to a Roth IRA or a designated Roth
(a) designated Roth account contributions or contributions account in the same plan (see Notice 2009-75, Q/A-1, and
actually made on behalf of the employee over the years Notice 2010-84, Q/A-7). You do not have to complete this box
under the plan that were required to be included in the for a direct rollover.
income of the employee when contributed (after-tax
contributions), (b) contributions made by the employer but Box 7. Distribution Code(s)
considered to have been contributed by the employee under Enter an “X” in the IRA/SEP/SIMPLE checkbox if the
section 72(f), (c) the accumulated cost of premiums paid for distribution is from a traditional IRA, SEP IRA, or SIMPLE
life insurance protection taxable to the employee in previous IRA. Do not check the box for a distribution from a Roth IRA
years and in the current year under Regulations section or for an IRA recharacterization.
1.72-16 (cost of current life insurance protection) (only if the
life insurance contract itself is distributed), and (d) premiums Enter the appropriate code(s) in box 7. Use Table 1 to
paid on commercial annuities. Do not include any DVECs, determine the appropriate code(s) to enter in box 7 for any
any elective deferrals, or any contribution to a retirement plan amounts reported on Form 1099-R. Read the codes carefully
that was not an after-tax contribution. and enter them accurately because the IRS uses the codes
to help determine whether the recipient has properly reported
Generally, for qualified plans, section 403(b) plans, and the distribution. If the codes you enter are incorrect, the IRS
nonqualified commercial annuities, enter in box 5 the may improperly propose changes to the recipient's taxes.
employee contributions or insurance premiums recovered tax When applicable, enter a numeric and an alpha code. For
free during the year based on the method you used to example, when using Code P for a traditional IRA distribution
determine the taxable amount to be entered in box 2a. On a under section 408(d)(4), you must also enter Code 1, if it
separate Form 1099-R, include the portion of the employee's applies. For a normal distribution from a qualified plan that
basis that has been distributed from a designated Roth qualifies for the 10-year tax option, enter Codes 7 and A. For
account. See the Examples in the instructions for box 2a, a direct rollover to an IRA or a qualified plan for the surviving
earlier. spouse of a deceased participant, or on behalf of a
If periodic payments began before 1993, you are not nonspouse designated beneficiary, enter Codes 4 and G
required, but you are encouraged, to report in box 5. (Codes 4 and H if from a designated Roth account to a Roth
IRA). If two or more distribution codes are not valid
If you made periodic payments from a qualified plan combinations, you must file more than one Form 1099-R.
! and the annuity starting date is after November 18,
CAUTION 1996, you must use the simplified method to figure Enter a maximum of two alphanumeric codes in
the tax-free amount each year. See Annuity starting date in ! box 7. See Table 1 for allowable combinations. Only
1998 or later, earlier. CAUTION three numeric combinations are permitted on one
Form 1099-R: Codes 8 and 1, 8 and 2, or 8 and 4. If two or
If a total distribution is made, the total employee more other numeric codes are applicable, you must file more
contributions or insurance premiums available to be than one Form 1099-R. For example, if part of a distribution is
recovered tax free must be shown only in box 5. If any premature (Code 1) and part is not (Code 7), file one Form
previous distributions were made, any amount recovered tax 1099-R for the part to which Code 1 applies and another
free in prior years must not appear in box 5. Form 1099-R for the part to which Code 7 applies. In
For payments of reportable death benefits, enter your addition, for the distribution of excess deferrals, parts of the
estimate of the buyer’s investment in the contract in box 5. distribution may be taxable in 2 different years. File separate

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Forms 1099-R using Code 8 or P to indicate the year the Box 8. Other
amount is taxable. Enter the current actuarial value of an annuity contract that is
part of a lump-sum distribution. Do not include this item in
If a qualified plan loan offset occurs in a designated
boxes 1 and 2a.
! Roth account (Codes M and B), or a loan is treated
CAUTION as a deemed distribution under section 72(p) (Codes To determine the value of an annuity contract, show the
L and B) and a numeric code is needed to indicate whether value as an amount equal to the current actuarial value of the
the recipient is subject to the 10% tax under section 72(t), annuity contract, reduced by an amount equal to the excess
omit Code M or L, as applicable. of the employee's contributions over the cash and other
property (not including the annuity contract) distributed.
Even if the employee/taxpayer is age 59 / or over, use 1 2
Code 1 if a series of substantially equal periodic payments If an annuity contract is part of a multiple recipient
was modified within 5 years of the date of the first payment lump-sum distribution, enter in box 8, along with the current
(within the meaning of section 72(q)(3) or (t)(4)), if you have actuarial value, the percentage of the total annuity contract
been reporting distributions in previous years using Code 2. each Form 1099-R represents.
For example, Jordan began receiving payments that Also, enter in box 8 the amount of the reduction in the
qualified for the exception for part of a series of substantially investment (but not below 0 (zero)) against the cash value of
equal periodic payments under section 72(t)(2)(A)(iv) when an annuity contract or the cash surrender value of a life
they were 57. When they were 61, Jordan modified the insurance contract due to charges or payments for qualified
payments. Because the payments were modified within 5 long-term care insurance contracts.
years, use Code 1 in the year the payments were modified,
even though Jordan is over 59 / .1 2 Box 9a. Your Percentage of Total Distribution
If you do not know that the taxpayer meets the If this is a total distribution and it is made to more than one
requirements for substantially equal periodic payments under person, enter the percentage received by the person whose
section 72(t)(2)(A)(iv), use Code 1 to report the payments. name appears on Form 1099-R. You need not complete this
box for any IRA distributions or for a direct rollover.
For further guidance on what makes a series of
! substantially equal periodic payments, see Notice Box 9b. Total Employee Contributions
CAUTION 2022-6, 2022-05 I.R.B. 460. Note that section 72(t)
(2)(A) generally provides that periodic payments will not fail You are not required to enter the total employee contributions
to be treated as substantially equal merely because they are or designated Roth contributions in box 9b. However,
amounts received as an annuity, and that periodic payments because this information may be helpful to the recipient, you
shall be deemed to be substantially equal if they are payable may choose to report them.
over a period described in section 72(t)(2)(A)(iv) and satisfy If you choose to report the total employee contributions or
the requirements for annuity payments under section 401(a) designated Roth contributions, do not include any amounts
(9). recovered tax free in prior years. For a total distribution,
report the total employee contributions or designated Roth
If part of a distribution is paid in a direct rollover and part is contributions in box 5 rather than in box 9b.
not, you must file a separate Form 1099-R for each part
showing the appropriate code on each form. Box 10. Amount Allocable to IRR Within 5 Years
Governmental section 457(b) plan distributions. Enter the amount of the distribution allocable to an IRR made
Generally, a distribution from a governmental section 457(b) within the 5-year period beginning with the first day of the
plan is not subject to the 10% additional tax under section year in which the rollover was made. Do not complete this
72(t). However, an early distribution from a governmental box if an exception under section 72(t) applies.
section 457(b) plan of an amount that is attributable to a
rollover from another type of eligible retirement plan or IRA is For further guidance on determining amounts allocable to
subject to the additional tax as if the distribution were from a an IRR, see Notice 2010-84, Q/A-13.
plan described in section 401(a). See section 72(t)(9). If the
distribution consists solely of amounts that are not Box 11. First Year of Desig. Roth Contrib.
attributable to such a rollover, enter Code 2 in box 7. If the Enter the first year of the 5-tax-year period. This is the year in
distribution consists solely of amounts attributable to such a which the designated Roth account was first established by
rollover, then enter the appropriate code in box 7 as if the the recipient.
distribution were from a plan described in section 401(a). If
the distribution is made up of amounts from both sources, Box 12. FATCA Filing Requirement Checkbox
you must file separate Forms 1099-R for each part of the Check the box if you are an FFI reporting a cash value
distribution unless Code 2 would be entered on insurance contract or annuity contract that is a U.S. account
each form. in a manner similar to that required under section 6047(d).
Roth SEP IRAs and Roth SIMPLE IRAs. Employer See Regulations section 1.1471-4(d)(5)(i)(B) for this election.
matching and nonelective contributions made to a Roth SEP In addition, check the box if you are a U.S. payer that is
or Roth SIMPLE IRA must be reported for the year in which reporting on Form 1099-R as part of satisfying your
the contributions are made to the employee's Roth IRA, with requirement to report with respect to a U.S. account for
the total reported in boxes 1 and 2a, using code 2 or 7 in chapter 4 purposes, as described in Regulations section
box 7 and the IRA/SEP/SIMPLE checkbox in box 7 checked. 1.1471-4(d)(2)(iii)(A).

Box 13. Date of Payment
Enter here the date payment was made for reportable death
benefits under section 6050Y.

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Boxes 14–19. State and Local Information appropriate. In box 15, enter the abbreviated name of the
These boxes and Copies 1 and 2 are provided for your state and the payer's state identification number. The state
convenience only and need not be completed for the IRS. number is the payer's identification number assigned by the
Use the state and local information boxes to report individual state. In box 18, enter the name of the locality. In
distributions and taxes for up to two states or localities. Keep boxes 16 and 19, you may enter the amount of the state or
the information for each state or locality separated by the local distribution. Copy 1 may be used to provide information
broken line. If state or local income tax has been withheld on to the state or local tax department. Copy 2 may be used as
this distribution, you may enter it in boxes 14 and 17, as the recipient's copy in filing a state or local income tax return.
Table 1. Guide to Distribution Codes
Guide to Distribution Codes
Distribution Codes Explanations *Used with code (if
applicable)
1—Early distribution, no known exception. Use Code 1 only if the participant has not reached age 59 / , and you do not 1 2 8, B, D, K, L, M, or P
know if any of the exceptions under Code 2, 3, or 4 apply. However, use Code 1
even if the distribution is made for medical expenses, health insurance premiums,
qualified higher education expenses, a first-time home purchase, a qualified
reservist distribution, or a qualified birth or adoption distribution under section
72(t)(2)(B), (D), (E), (F), (G), or (H). Code 1 must also be used even if a taxpayer
is 59 / or older and they modify a series of substantially equal periodic payments 1 2
under section 72(q), (t), or (v) prior to the end of the 5-year period that began with
the first payment.
2—Early distribution, exception applies. Use Code 2 only if the participant has not reached age 59 /1 2 and you know the 8, B, D, K, L, M, or P
distribution is the any of the following.
• A Roth IRA conversion (an IRA converted to a Roth IRA).
• A distribution made from a qualified retirement plan or IRA because of an IRS
levy under section 6331.
• A governmental section 457(b) plan distribution that is not subject to the
additional 10% tax. But see Governmental section 457(b) plans, earlier, for
information on distributions that may be subject to the 10% additional tax.
• A distribution from a qualified retirement plan after separation from service in
or after the year the participant has reached age 55.
• A distribution from a governmental plan to a public safety employee (as
defined in section 72(t)(10)(B)) after separation from service, in or after the year
the employee has reached age 50 or 25 years of service under the plan,
whichever is earlier. A distribution from a qualified plan, a section 403(a) plan, or a
section 403(b) plan to an employee who provides firefighting services, after
separation from service, in or after the year the employee has reached age 50 or
25 years of service under the plan, whichever is earlier.
• A distribution that is part of a series of substantially equal periodic payments,
as described in section 72(q), (t), (u), or (v).
• A distribution that is a permissible withdrawal under an eligible automatic
contribution arrangement (EACA).
• Any other distribution subject to an exception under section 72(q), (t), (u), or
(v) that is not required to be reported using Code 1, 3, or 4.
• An employer matching or nonelective contribution made to a Roth SEP IRA or
a Roth SIMPLE IRA.
3—Disability. For these purposes, see section 72(m)(7) and Rev. Rul. 85-105, 1985-2 C.B. 53. D
4—Death. Use Code 4 regardless of the age of the participant to indicate payment to a 8, A, B, D, G, H, K, L, M, or P
decedent's beneficiary, including an estate or trust. Also, use it for death benefit
payments made by an employer but not made as part of a pension, profit-sharing,
or retirement plan. Also, use it for payments of reportable death benefits.
5—Prohibited transaction. Use Code 5 if there was a prohibited transaction involving the IRA account. Code None
5 means the account is no longer an IRA.
6—Section 1035 exchange. Use Code 6 to indicate the tax-free exchange of life insurance, annuity, long-term W
care insurance, or endowment contracts under section 1035.

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Guide to Distribution Codes
Distribution Codes Explanations *Used with code (if
applicable)
7—Normal distribution. Use Code 7: (a) for a normal distribution from a plan, including a traditional IRA, A, B, D, K, L, or M
section 401(k), or section 403(b) plan, if the employee/taxpayer is at least age
59 / ; (b) for a Roth IRA conversion if the participant is at least age 59 / ; and (c) 1 2 1 2
to report a distribution from a life insurance, annuity, or endowment contract and
for reporting income from a failed life insurance contract under section 7702(g)
and (h). See Rev. Proc. 2008-42, 2008-29 I.R.B. 160, available at IRS.gov/irb/
2008-29_IRB#RP-2008-42. Generally, use Code 7 if no other code applies. Do
not use Code 7 for a Roth IRA.
Note. Code 1 must be used even if a taxpayer is age 59 / or older and they 1 2
modify a series of substantially equal periodic payments under section 72(q), (t),
or (v) prior to the end of the 5-year period that began with the first payment.
8—Excess contributions plus earnings/excess Use Code 8 for a corrective IRA distribution under section 408(d)(4), unless Code 1, 2, 4, B, J, or K
deferrals (and/or earnings) taxable in 2024. P applies. Also, use this code for corrective distributions of excess deferrals,
excess contributions, and excess aggregate contributions, unless Code P
applies. See Corrective Distributions, earlier, and IRA Revocation or Account
Closure, earlier, for more information.
9—Cost of current life insurance protection. Use Code 9 to report premiums paid by a trustee or custodian for current life or None
other insurance protection. See the instructions for Box 2a. Taxable Amount,
earlier, for more information.
A—May be eligible for 10-year tax option. Use Code A only for participants born before January 2, 1936, or their 4 or 7
beneficiaries to indicate the distribution may be eligible for the 10-year tax option
method of computing the tax on lump-sum distributions (on Form 4972, Tax on
Lump-Sum Distributions). To determine whether the distribution may be eligible
for the tax option, you need not consider whether the recipient used this method
(or capital gain treatment) in the past.
B—Designated Roth account distribution. Use Code B for a distribution from a designated Roth account. But use Code E for 1, 2, 4, 7, 8, G, L, M, P, or U
a section 415 distribution under EPCRS (see Code E) or Code H for a direct
rollover to a Roth IRA.
C—Reportable death benefits under section 6050Y. Use Code C for a distribution to report payments of reportable death benefits. D
D—Annuity payments from nonqualified annuities Use Code D for a distribution from any plan or arrangement not described in 1, 2, 3, 4, 7, or C
and distributions from life insurance contracts section 401(a), 403(a), 403(b), 408, 408A, or 457(b).
that may be subject to tax under section 1411.
E—Distributions under Employee Plans See Distributions Under Employee Plans Compliance Resolution System None
Compliance Resolution System (EPCRS). (EPCRS), earlier.
F—Charitable gift annuity. See Charitable gift annuities, earlier. None
G—Direct rollover and direct payment. Use Code G for a direct rollover from a qualified plan, a section 403(b) plan, or a 4, B, or K
governmental section 457(b) plan to an eligible retirement plan (another qualified
plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA). See
Direct Rollovers , earlier. Also, use Code G for a direct payment from an IRA to an
accepting employer plan, for IRRs that are direct rollovers, and to report
designated Roth nonelective contributions and designated Roth matching
contributions for the year in which the contributions are allocated.
Note. Do not use Code G for a direct rollover from a designated Roth account to a
Roth IRA. Use Code H.
H—Direct rollover of a designated Roth account Use Code H for a direct rollover of a distribution from a designated Roth account 4
distribution to a Roth IRA. to a Roth IRA.
J—Early distribution from a Roth IRA. Use Code J for a distribution from a Roth IRA when Code Q or T does not apply. 8 or P
But use Code 2 for an IRS levy and Code 5 for a prohibited transaction.
K—Distribution of traditional IRA assets not Use Code K to report distributions of IRA assets not having a readily available 1, 2, 4, 7, 8, or G
having a readily available FMV. FMV. These assets may include:
• Stock, other ownership interest in a corporation, short- or long-term debt
obligations, not readily tradable on an established securities market;
• Ownership interest in a limited liability company (LLC), partnership, trust, or
similar entity (unless the interest is traded on an established securities market);
• Real estate;
• Option contracts or similar products not offered for trade on an established
option exchange; or
• Other asset that does not have a readily available FMV.

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Guide to Distribution Codes
Distribution Codes Explanations *Used with code (if
applicable)
L—Loans treated as deemed distributions under Do not use Code L to report a plan loan offset. See Loans Treated as 1, 2, 4, 7, or B
section 72(p). Distributions, earlier.
M—Qualified plan loan offset. Use Code M for a qualified plan loan offset (which is generally a type of plan loan 1, 2, 4, 7, or B
offset due to severance from employment or termination of the plan). See Plan
loan offsets, earlier.
N—Recharacterized IRA contribution made for Use Code N for a recharacterization of an IRA contribution made for 2024 and None
2024. recharacterized in 2024 to another type of IRA by a trustee-to-trustee transfer or
with the same trustee.
P—Excess contributions plus earnings/excess See the explanation for Code 8. The IRS suggests that anyone using Code P for 1, 2, 4, B, or J
deferrals taxable in 2023. the refund of an IRA contribution under section 408(d)(4), including excess Roth
IRA contributions, advise payees, at the time the distribution is made, that the
earnings are taxable in the year in which the contributions were made.
Q—Qualified distribution from a Roth IRA. Use Code Q for a distribution from a Roth IRA if you know that the participant None
meets the 5-year holding period and:
• The participant has reached age 59 / ,1 2
• The participant died, or
• The participant is disabled.
Note. If any other code, such as 8 or P, applies, use Code J.
R—Recharacterized IRA contribution made for Use Code R for a recharacterization of an IRA contribution made for 2023 and None
2023. recharacterized in 2024 to another type of IRA by a trustee-to-trustee transfer or
with the same trustee.
S—Early distribution from a SIMPLE IRA in the Use Code S only if the distribution is from a SIMPLE IRA in the first 2 years, the None
first 2 years, no known exception. employee/taxpayer has not reached age 59 / , and none of the exceptions under 1 2
section 72(t) are known to apply when the distribution is made. The 2-year period
begins on the day contributions are first deposited in the individual's SIMPLE IRA.
Do not use Code S if Code 3 or 4 applies.
T—Roth IRA distribution, exception applies. Use Code T for a distribution from a Roth IRA if you do not know if the 5-year None
holding period has been met but:
• The participant has reached age 59 / ,1 2
• The participant died, or
• The participant is disabled.
Note. If any other code, such as 8 or P, applies, use Code J.
U—Dividends distributed from an ESOP under Use Code U for a distribution of dividends from an employee stock ownership B
section 404(k). plan (ESOP) under section 404(k). These are not eligible rollover distributions.
Note. Do not report dividends paid by the corporation directly to plan participants
or their beneficiaries. Continue to report those dividends on Form 1099-DIV.
W—Charges or payments for purchasing qualified Use Code W for charges or payments for purchasing qualified long-term care 6
long-term care insurance contracts under insurance contracts under combined arrangements that are excludable under
combined arrangements. section 72(e)(11) against the cash value of an annuity contract or the cash
surrender value of a life insurance contract.
*See the first two Cautions for the box 7 instructions, earlier.

You are required to file Form 5498 even if required
Specific Instructions for Form 5498 ! minimum distributions (RMDs) or other annuity or
File Form 5498, IRA Contribution Information, with the IRS by CAUTION periodic payments have started.

May 31, 2025, for each person for whom in 2024 you Report contributions to a Kay Bailey Hutchison Spousal
maintained any individual retirement arrangement (IRA), IRA under section 219(c) on a separate Form 5498 using the
including a deemed IRA under section 408(q). name and TIN of the spouse.
An IRA includes all investments under one IRA plan. It is For contributions made between January 1 and April 15,
not necessary to file a Form 5498 for each investment under 2025, trustees and issuers should obtain the participant's
one plan. For example, if a participant has three certificates designation of the year for which the contributions are made.
of deposit (CDs) under one IRA plan, only one Form 5498 is
required for all contributions and the fair market values Direct rollovers, transfers, and recharacterizations. You
(FMVs) of the CDs under the plan. However, if a participant must report the receipt of a direct rollover from a qualified
has established more than one IRA plan with the same plan, section 403(b) plan, or governmental section 457(b)
trustee, a separate Form 5498 must be filed for each plan. plan to an IRA. Report a direct rollover in box 2. For
information on direct rollovers of eligible rollover distributions,
Contributions. You must report contributions to any IRA on see Direct Rollovers, earlier.
Form 5498. See the instructions under boxes 1, 2, 3, 4, 8, 9, If a rollover or trustee-to-trustee transfer is made from a
10, 13a, and 14a, later. If no reportable contributions were savings incentive match plan for employees (SIMPLE) IRA to
made for 2024, complete only boxes 5 and 7, and boxes 11, an IRA that is not a SIMPLE IRA and the trustee has
12a, 12b, 15a, and 15b, if applicable. See Reporting FMV of adequately substantiated information that the participant has
certain specified assets, later. not satisfied the first 2 years of plan participation, report the

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amount as a regular contribution in box 1 even if the amount closed IRA, see IRA Revocation or Account Closure under
exceeds $6,500 ($7,500 for participants 50 or older). the Specific Instructions for Form 1099-R, earlier.
Transfers. Do not report on Form 5498 a Total distribution, no contributions. Generally, if a total
trustee-to-trustee transfer from (a) a traditional IRA or a distribution was made from an account during the year and
simplified employee pension (SEP) IRA to another traditional no contributions, including rollovers, recharacterizations, or
IRA or SEP IRA, or to a SIMPLE IRA after the first 2 years of Roth IRA conversion amounts, were made for that year, you
plan participation; (b) a SIMPLE IRA to another SIMPLE IRA, need not file Form 5498 or furnish the annual statement to
or to a traditional IRA or SEP IRA after the first 2 years of plan reflect that the FMV on December 31 was zero.
participation; or (c) a Roth IRA to another Roth IRA.
Recharacterizations. You must report each RMDs. An IRA (other than a Roth IRA) owner/participant
recharacterization of an IRA contribution. If a participant must begin taking distributions for each calendar year
makes a contribution to an IRA (first IRA) for a year, the beginning with the calendar year in which the participant
participant may choose to recharacterize the contribution by attains age 73 (it was age 72 for participants who attained
transferring, in a trustee-to-trustee transfer, any part of the age 72 before 2022). The distribution for the 73 year old must
contribution (plus earnings) to another IRA (second IRA). The be made no later than April 1 of the following calendar year;
contribution is treated as made to the second IRA RMDs for any other year must be made no later than
(recharacterization). A recharacterization may be made with December 31 of the year. See Public Law (P.L.) 117-328, Div.
the same trustee or with another trustee. The trustee of the T, Title III, section 107.
first IRA must report the amount contributed before the For each IRA you held as of December 31 of the prior
recharacterization as a contribution on Form 5498 and the year, if an RMD is required for the year, you must provide a
recharacterization as a distribution on Form 1099-R. The statement to the IRA participant by January 31 regarding the
trustee of the second IRA must report the amount received RMD using one of two alternative methods described below.
(FMV) in box 4 on Form 5498 and check the type of IRA in You are not required to use the same method for all IRA
box 7. participants; you can use Alternative one for some IRA
All recharacterized contributions received by an IRA in the participants and Alternative two for the rest. Under both
same year must be totaled and reported on one Form 5498 in methods, the statement must inform the participant that you
box 4. You may report the FMV of the account on the same are reporting to the IRS that an RMD is required for the year.
Form 5498 you use to report a recharacterization of an IRA The statement can be provided in conjunction with the
contribution and any other contributions made to the IRA for statement of the FMV.
the year. If the IRA participant is deceased, and the surviving
No recharacterizations of conversions made in 2018 or spouse is the sole beneficiary, special rules apply for RMD
later. A conversion of a traditional IRA to a Roth IRA, and a reporting. If the surviving spouse elects to treat the IRA as
rollover from any other eligible retirement plan to a Roth IRA, the spouse's own, then report with the surviving spouse as
made in the participant’s tax years beginning after December the owner. However, if the surviving spouse does not elect to
31, 2017, cannot be recharacterized as having been made to treat the IRA as the spouse's own, then you must continue to
a traditional IRA. treat the surviving spouse as the beneficiary. Until further
guidance is issued, no reporting is required for IRAs of
Catch-up contributions. Participants who are age 50 or deceased participants (except where the surviving spouse
older by the end of the year may be eligible to make catch-up elects to treat the IRA as the spouse's own, as described
IRA contributions or catch-up elective deferral contributions. above).
The annual IRA regular contribution limit of $6,500 is
Alternative one. Under this method, include in the
increased to $7,500 for participants age 50 or older.
statement the amount of the RMD with respect to the IRA for
Catch-up elective deferral contributions reported on Form
the calendar year and the date by which the distribution must
5498 may be made under a salary reduction SEP (SARSEP)
be made. The amount may be calculated assuming the sole
or under a SIMPLE IRA plan. For 2024, up to $7,500 in
beneficiary of the IRA is not a spouse more than 10 years
catch-up elective deferral contributions may be made under a
younger than the participant. Use the value of the account as
SARSEP, and up to $3,500 to a SIMPLE IRA plan. For more
of December 31 of the prior year to compute the amount. See
information on catch-up elective deferral contributions, see the instructions for boxes 11. Check if RMD for 2024 12a. ,
Regulations section 1.414(v)-1. RMD Date, and 12b. RMD Amount, later, for how to report.
Include any catch-up amounts when reporting Alternative two. Under this method, the statement
contributions for the year in box 1, 8, 9, or 10, or for a prior informs the participant that a minimum distribution with
year in box 13a. respect to the IRA is required for the calendar year and the
Roth IRA conversions. You must report the receipt of a date by which such amount must be distributed. You must
conversion from an IRA to a Roth IRA even if the conversion include an offer to furnish the participant with a calculation of
is with the same trustee. Report the total amount converted the amount of the RMD if requested by the participant.
from a traditional IRA, SEP IRA, or SIMPLE IRA to a Roth IRA Electronic filing. These statements may be furnished
in box 3. electronically using the procedures described in part F of the
current General Instructions for Certain Information Returns.
IRA revocation or account closure. If a traditional IRA,
Reporting to the IRS. If an RMD is required, check
Roth IRA, or SIMPLE IRA is revoked during its first 7 days
box 11. See Box 11. Check if RMD for 2024, later. For
(under Regulations section 1.408-6(d)(4)(ii)) or closed at any
example, box 11 is checked on the Form 5498 for a 2025
time by the IRA trustee pursuant to its resignation or such
RMD. You are not required to report to the IRS the amount or
other event mandating the closure of the account, Form 5498
the date by which the distribution must be made. However,
must be filed to report any regular, rollover, IRA conversion,
see the Caution following the box 11 instructions, later, for
SEP IRA, or SIMPLE IRA contributions to the IRA. For
reporting RMDs to participants.
information about reporting a distribution from a revoked or

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For more details, see Notice 2002-27 on page 814 of For more information about the reporting requirements for
I.R.B. 2002-18 at IRS.gov/pub/irs-irbs/irb02-18.pdf, as inherited IRAs, see Rev. Proc. 89-52, 1989-2 C.B. 632.
clarified by Notice 2003-3 on page 258 of I.R.B. 2003-2 at
Disaster relief reporting. Special rules apply to tax-favored
IRS.gov/pub/irs-irbs/irb03-02.pdf.
withdrawals, income inclusion, and repayments for
Inherited IRAs. In the year an IRA participant dies, you, as individuals who suffered economic losses as a result of
an IRA trustee or issuer, must generally file a Form 5498 and certain major disasters. See Disaster-Related Relief in Pub.
furnish an annual statement for the decedent and a Form 590-B, for more information.
5498 and an annual statement for each nonspouse For information about disaster relief available in your area,
beneficiary. An IRA holder must be able to identify the source including postponements, go to IRS News Around the Nation.
of each IRA they hold for purposes of figuring the taxation of
a distribution from an IRA. Thus, the decedent's name must See the instructions for boxes 13a through 13c for
be shown on the beneficiary's Form 5498 and annual reporting postponed contributions, later.
statement. For example, you may enter “Brian Willow as Special reporting for U.S. Armed Forces in designated
beneficiary of Joan Maple” or something similar that signifies combat zones. A participant who is serving in, or in support
that the IRA was once owned by Joan Maple. You may of, the Armed Forces in a designated combat zone or
abbreviate the word “beneficiary” as, for example, “bene.” qualified hazardous duty area has an additional period after
For a spouse beneficiary, unless the spouse makes the the normal contribution due date of April 15 to make IRA
IRA their own, treat the spouse as a nonspouse beneficiary contributions for a prior year. The period is the time the
for reporting purposes. If the spouse makes the IRA their participant was in the designated zone or area plus at least
own, do not report the beneficiary designation on Form 5498 180 days. The participant must designate the IRA
and the annual statement. contribution for a prior year to claim it as a deduction on the
income tax return.
An IRA set up to receive a direct rollover for a nonspouse
designated beneficiary is treated as an inherited IRA. Under section 219(f), combat zone compensation that is
FMV. On the decedent's Form 5498 and annual statement, excluded from gross income under section 112 is treated as
you must enter the FMV of the IRA on the date of death in includible compensation for purposes of determining IRA
box 5. Or you may choose the alternate reporting method and contributions.
report the FMV as of the end of the year in which the A qualifying participant is:
decedent died. This alternate value will usually be zero • Serving or has served in a combat zone;
because you will be reporting the end-of-year valuation on • Serving or has served in a qualifying hazardous duty area;
the beneficiary's Form 5498 and annual statement. The same or
figure should not be shown on both the beneficiary's and • Serving or has served in an active direct support area.
decedent's forms. If you choose to report using the alternate If a qualifying participant designates an IRA contribution
method, you must inform the executor or administrator of the for a prior year, other than an IRA contribution made by April
decedent's estate of their right to request a date-of-death 15 for the preceding year, you must report the type of IRA
valuation. (box 7) and the amount on Form 5498. Report the amount
On the beneficiary's Form 5498 and annual statement, the either for (1) the year for which the contribution was made, or
FMV of that beneficiary's share of the IRA as of the end of the (2) a subsequent year. See the instructions for boxes 13a,
year must be shown in box 5. Every year thereafter that the 13b, and 13c, later.
IRA exists, you must file Form 5498 and furnish an annual 1. If you report a contribution for 2024 made before April
statement for each beneficiary who has not received a total 15, 2025, no special reporting is required. Include the
distribution of their share of the IRA showing the FMV at the contribution in box 1 or 10 of an original Form 5498 or of a
end of the year and identifying the IRA, as described above. corrected Form 5498 if an original was previously filed.
However, if a beneficiary takes a total distribution of their 2. If you report the contribution on Form 5498 in a
share of the IRA in the year of death, you need not file a Form subsequent year, you must include the year for which the
5498 or furnish an annual statement for that beneficiary, but contribution was made, the amount of the contribution, and
you must still file Form 5498 for the decedent. one of the following indicators.
If you have no knowledge of the death of an IRA a. Use “EO13239” for Afghanistan and those countries in
participant until after you are required to file Form 5498 (May direct support, including Djibouti, Jordan, Kyrgyzstan,
31, 2025), you are not required to file a corrected Form 5498 Pakistan, Somalia, Syria, Tajikistan, Uzbekistan, and Yemen.
or furnish a corrected annual statement. However, you must
b. Use “EO12744” for the Arabian Peninsula, including air
still provide the date-of-death valuation in a timely manner to
space and adjacent waters (the Persian Gulf; the Red Sea;
the executor or administrator upon request.
the Gulf of Oman, the Gulf of Aden; the portion of the Arabian
In the case of successor beneficiaries, apply the Sea that lies north of 10 degrees north latitude and west of 68
preceding rules by treating the prior beneficiary as the degrees east longitude; the total land areas of Iraq, Kuwait,
decedent and the successor beneficiary as the beneficiary. Saudi Arabia, Oman, Bahrain, Qatar, and the United Arab
Using the example above (Brian Willow as beneficiary of Emirates; Lebanon, and Turkey east of longitude 33.51E),
Joan Maple), when that account passes to Brian's successor and Jordan, which is in direct support of the Arabian
beneficiary, Maurice Poplar, Form 5498 and the annual Peninsula.
statement for Maurice should state “Maurice Poplar as
c. Use “EO13119” or “P.L.106-21” for the Federal
beneficiary of Brian Willow.” The final Form 5498 and annual
Republic of Yugoslavia (Serbia and Montenegro), Albania,
statement for Brian Willow will state “Brian Willow as
Kosovo, the Adriatic Sea, and the Ionian Sea north of the
beneficiary of Joan Maple” and will show the FMV as of the
39th parallel. (Note. The combat zone designation for
date of Brian's death or year-end valuation, depending on the
Montenegro and Kosovo (previously a province within Serbia)
method chosen.
under Executive Order 13119 remains in force even though

20 Instructions for Forms 1099-R and 5498 (2024)

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Montenegro and Kosovo became independent nations since reported in box 1 (even if the amount exceeds the regular
EO13119 was signed.) contribution limit), you must file a corrected Form 5498.
d. Use “P.L.115-97” for the Sinai Peninsula of Egypt. Statements to participants. If you are required to file Form
For additions to, or subtractions from, the list of 5498, you must provide a statement to the participant. By
January 31, 2025, you must provide participants with a
! combat zones or qualified hazardous duty areas statement of the December 31, 2024, value of the
CAUTION implemented by executive orders and public laws,
and direct support areas designated by the Secretary of participant's account (including information required to be
Defense, after the publication date of these instructions, go to reported in boxes 15a and 15b for hard-to-value assets) and
IRS.gov/Form5498. RMD, if applicable. Trustees of SIMPLE IRAs must also
provide a statement of the account activity by January 31,
Example. For a $4,000 IRA contribution designated by a 2025. Contribution information for all other types of IRAs
participant who served under EO13239 for the tax year 2023, must be provided by May 31, 2025. You are not required to
enter “4000” in box 13a, “2023” in box 13b, and “EO13239” in provide information to the IRS or to participants as to whether
box 13c only. Make no entry in box 1 or box 10. a contribution is deductible or nondeductible. In addition, the
Repayment of qualified reservist distributions. Report participant is not required to tell you whether a contribution is
any repayment of a qualified reservist distribution as deductible or nondeductible.
described in section 72(t)(2)(G) in boxes 14a (amount) and If you furnished a statement of the FMV of the account
14b (with indicator code “QR”). (including information required to be reported in boxes 15a
Repayment of qualified disaster distributions. Report and 15b for hard-to-value assets) and RMD, if applicable, to
any repayment of a qualified disaster distribution, as the participant by January 31, 2025, and no reportable
described in applicable disaster legislation, in boxes 14a contributions, including rollovers, recharacterizations, or Roth
(amount) and 14b (with indicator code “DD”). IRA conversions, were made for 2024, you need not furnish
Repayment of qualified birth or adoption another statement (or Form 5498) to the participant to report
distributions. Report any repayment of a qualified birth or zero contributions. However, you must file Form 5498 with the
adoption distribution as described in section 72(t)(2)(H) in IRS by May 31, 2025, to report the December 31, 2024, FMV
boxes 14a (amount) and 14b (with indicator code "BA"). of the account and the FMV of hard-to-value assets. This rule
Military death gratuities and servicemembers' group also applies to beneficiary accounts under the inherited IRA
life insurance (SGLI) payments. Recipients of military rules, earlier. For more information about the requirement to
death gratuities and SGLI payments may contribute amounts furnish statements to participants, see part M in the current
received to a Roth IRA, up to the amount of the gratuity or General Instructions for Certain Information Returns.
SGLI payment less any amounts contributed to Coverdell If you do not furnish another statement to the
ESAs. Report the amount of the rollover contribution in box 2 ! participant because no reportable contributions were
only. See section 408A(e)(2), and Notice 2010-15, 2010-06 CAUTION made for the year, the statement of the FMV of the
I.R.B. 390, available at IRS.gov/irb/ account must contain a legend designating which information
2010-06_IRB#NOT-2010-15, for more information on is being filed with the IRS.
limitations.
Electronic filers. You may request an automatic waiver Truncating participant's TIN on payee statements.
from filing Forms 5498 electronically for combat zone Pursuant to Regulations section 301.6109-4, all filers of Form
participants by submitting Form 8508, Request for Waiver 5498 may truncate a participant’s TIN (social security number
From Filing Information Returns Electronically. Once you (SSN), individual taxpayer identification number (ITIN),
have received the waiver, you may report all Forms 5498 for adoption taxpayer identification number (ATIN), or employer
combat zone participants on paper. Alternatively, you may identification number (EIN)) on payee statements. Truncation
report contributions made by the normal contribution due is not allowed on any documents the filer files with the IRS. A
date electronically and report the contributions made after trustee's or issuer's TIN may not be truncated on any form.
the normal contribution due date on paper. You may also See part J in the current General Instructions for Certain
report prior year contributions by combat zone participants Information Returns.
on a corrected Form 5498 electronically or on paper.
See part F in the current General Instructions for Certain Account Number
Information Returns for information on how to request a The account number is required if you have multiple accounts
waiver on Form 8508. for a recipient for whom you are filing more than one Form
Reporting FMV of certain specified assets. Assets held 5498. Additionally, the IRS encourages you to designate an
in an IRA that are not readily tradable on an established account number for all Forms 5498 that you file. See part L in
securities market or option exchange, or that do not have a the current General Instructions for Certain Information
readily available FMV, must be reported at the FMV Returns.
determined as of December 31, 2024. See the instructions
for boxes 15a and 15b, later. Box 1. IRA Contributions (Other Than Amounts
in Boxes 2–4, 8–10, 13a, and 14a)
Corrected Form 5498. If you file a Form 5498 with the IRS
and later discover that there is an error on it, you must correct Enter contributions to a traditional IRA made in 2024 and
it as soon as possible. See part H in the current General through April 15, 2025, designated for 2024.
Instructions for Certain Information Returns, or Pub. 1220, if Report gross contributions, including the amount allocable
filing electronically. For example, if you reported contributions to the cost of life insurance (see Box 6. Life Insurance Cost
as rollover contributions in box 2, and you later discover that Included in Box 1, later) and including any excess
part of the contribution was not eligible to be rolled over and contributions, even if the excess contributions were
was, therefore, a regular contribution that should have been withdrawn. If an excess contribution is treated as a

Instructions for Forms 1099-R and 5498 (2024) 21

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contribution in a subsequent year under section 219(f)(6), do Box 5. FMV of Account
not report it on Form 5498 for the subsequent year. It has Enter the FMV of the account on December 31, 2024. For
already been reported as a contribution on Form 5498 for the inherited IRAs, see Inherited IRAs, earlier.
year it was actually contributed.
Trustees and custodians are responsible for ensuring
Also include employer contributions to an IRA that are not ! that all IRA assets (including those not traded on
made pursuant to a SEP arrangement (which include CAUTION established markets or not having a readily
employer contributions that are nominally under a SEP determinable market value) are valued annually at their FMV.
arrangement but that exceed the definite written allocation
formula of the SEP arrangement). Such contributions are Box 6. Life Insurance Cost Included in Box 1
contributions made by the employee, not by the employer,
that are treated as regular IRA contributions subject to the For endowment contracts only, enter the amount included in
100% of compensation and $6,500 ($7,500 for participants box 1 allocable to the cost of life insurance.
age 50 or older) limits of section 219. Do not include
employer SEP IRA contributions or SARSEP contributions Box 7. Checkboxes
under section 408(k)(6). Instead, include them in box 8. Check the appropriate box.
IRA. Check “IRA” if you are filing Form 5498 to report
Also, do not include in box 1 employer contributions, information about a traditional IRA account.
including salary deferrals, to a SIMPLE IRA (report them in
box 9) and a Roth IRA (report them in box 10). In addition, do SEP. Check “SEP” if you are filing Form 5498 to report
not include in box 1 rollovers and recharacterizations (report information about a SEP IRA. If you do not know whether the
rollovers in box 2 and recharacterizations in box 4), or a Roth account is a SEP IRA, check the “IRA” box.
IRA conversion amount (report in box 3). SIMPLE. Check “SIMPLE” if you are filing Form 5498 to
report information about a SIMPLE IRA account. Do not file
Box 2. Rollover Contributions Form 5498 for a SIMPLE 401(k) plan.
Enter any rollover contributions (or contributions treated as
rollovers) to any IRA received by you during 2024. These Roth IRA. Check “Roth IRA” if you are filing Form 5498 to
contributions may be any of the following. report information about a Roth IRA account.
• A 60-day rollover between Roth IRAs or between other Roth SEP IRA. Check both “SEP” and “Roth IRA” if you are
types of IRAs. filing Form 5498 to report information about a Roth SEP IRA.
• A direct or indirect (within 60 days) rollover from a qualified
plan, section 403(b) plan, or governmental section 457(b) Roth SIMPLE IRA. Check both “SIMPLE” and “Roth IRA” if
plan. you are filing Form 5498 to report information about a Roth
• Any qualified rollover contribution, as defined in section SIMPLE IRA.
408A(e) from an eligible retirement plan (other than an IRA)
Box 8. SEP Contributions
to a Roth IRA.
• A military death gratuity. Enter employer contributions made to a SEP IRA (including
• An SGLI payment. salary deferrals under a SARSEP) during 2024, including
contributions made in 2024 for 2023, but not including
For the rollover of property, enter the FMV of the property contributions made in 2025 for 2024. Trustees and issuers
on the date you receive it. This value may be different from are not responsible for reporting the year for which SEP
the value of the property on the date it was distributed to the contributions are made. Do not enter employer contributions
participant. to an IRA that are not made pursuant to a SEP arrangement
(which include employer contributions that are nominally
For more details, see Pub. 590-A. under a SEP arrangement but that exceed the definite written
allocation formula of the SEP arrangement). Report any
Note. Do not use box 2 for late rollover contributions, employer contributions to an IRA that are not made pursuant
including rollovers of qualified plan loan offset amounts after to a SEP arrangement in box 1. Include in box 8 SEP
60 days or any of the following repayments made after 60 contributions made by a self-employed person to their own
days. account. Also, include in box 8 contributions to a Roth SEP
• Qualified reservist distributions. IRA.
• Qualified disaster distributions.
• Qualified birth or adoption distributions. Box 9. SIMPLE Contributions
See the instructions for boxes 13a through 13c 14a, , and Enter employer contributions, including salary deferrals,
14b, later. made to a SIMPLE IRA during 2023, including contributions
made in 2023 for 2022, but not including contributions made
Box 3. Roth IRA Conversion Amount in 2024 for 2023. Trustees and issuers are not responsible for
Enter the amount converted from a traditional IRA, SEP IRA, reporting the year for which SIMPLE contributions are made.
or SIMPLE IRA to a Roth IRA during 2024. Do not include a Do not include contributions to a SIMPLE 401(k) plan. Also,
rollover from one Roth IRA to another Roth IRA, or a qualified include in box 9 contributions to a Roth SIMPLE IRA.
rollover contribution under section 408A(e) from an eligible
retirement plan (other than an IRA) to a Roth IRA. These Box 10. Roth IRA Contributions
rollovers are reported in box 2. Enter any contributions made to a Roth IRA in 2024 and
through April 15, 2025, designated for 2024. Also enter a
Box 4. Recharacterized Contributions rollover contribution to a Roth IRA from a long-term section
Enter any amounts recharacterized plus earnings from one 529 qualified tuition program that was made after December
type of IRA to another.

22 Instructions for Forms 1099-R and 5498 (2024)

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31, 2023, and on or before April 15, 2025, that is designated • For participants' service in a combat zone, hazardous duty
for 2024. However, report Roth IRA conversion amounts in area, or direct support area, enter the appropriate executive
box 3. Report a qualified rollover contribution made under order or public law, as defined under Special reporting for
section 408A(e) from an eligible retirement plan (other than U.S. Armed Forces in designated combat zones, earlier.
an IRA) to a Roth IRA in box 2. Do not include in box 10 • For participants who are “affected taxpayers,” as described
contributions to a Roth SEP IRA or Roth SIMPLE IRA. in an IRS News Release relating to a federally designated
Also, report qualified rollover contributions made under disaster area, enter “FD.” (For a repayment of a qualified
section 529(c)(E) from a qualified tuition plan (QTP) to a Roth disaster distribution, use boxes 14a and 14b.)
IRA maintained for the benefit of the QTP beneficiary. • For participants who are making a rollover of a qualified
plan loan offset amount, enter “PO.” See the discussion of
Box 11. Check if RMD for 2025 qualified plan loan offsets in the second paragraph under
Check the box if the participant must take an RMD for 2025. Plan Loan Offsets in the Form 1099-R instructions, earlier.
You are required to check the box for the year in which the • For participants who have certified that the rollover
IRA participant reaches age 73 even though the RMD for that contribution is late because of one or more of the
year need not be made until April 1 of the following year. circumstances listed in section 3.02(2) of Rev. Proc. 2020-46,
Then, check the box for each subsequent year an RMD is enter “SC.”
required to be made.
Box 14a. Repayments
Boxes 12a and 12b are provided for your use to Enter the amount of any repayment of a qualified reservist
! report RMD dates and amounts to participants. You distribution, a qualified disaster distribution, or a qualified
CAUTION may choose to complete these boxes, or continue to
birth or adoption distribution.
provide a separate Form 5498, or a separate statement, to
report the information required by Alternative one or Box 14b. Code
Alternative two, earlier. To determine the RMD, see the Enter “QR” for the repayment of a qualified reservist
regulations under sections 401(a)(9) and 408(a)(6) and (b) distribution, “DD” for repayment of a qualified disaster
(3). distribution, or “BA” for repayment of a qualified birth or
adoption distribution.
Box 12a. RMD Date
Enter the RMD date if you are using Form 5498 to report the Box 15a. FMV of Certain Specified Assets
additional information. See RMDs, earlier. Enter the FMV of the investments in the IRA that are
specified in the categories identified below.
Box 12b. RMD Amount
Enter the RMD amount if you are using Form 5498 to report Box 15b. Code(s)
the additional information under Alternative one. See Enter the code for the type(s) of investments held in the IRA
Alternative one, earlier. for which the FMV is reported in box 15a. A maximum of two
codes can be entered in box 15b. If more than two codes
Box 13a. Postponed/late contrib. apply, enter Code H.
Report the amount of any postponed contribution made in • A—Stock or other ownership interest in a corporation that
2024 for a prior year. If contributions were made for more is not readily tradable on an established securities market.
than 1 prior year, each prior year's postponed contribution • B—Short- or long-term debt obligation that is not traded on
must be reported on a separate form. Report the amount of a an established securities market.
late rollover contribution made during 2024, including • C—Ownership interest in a limited liability company or
rollovers that are (1) certified by participants, (2) qualified similar entity (unless the interest is traded on an established
plan loan offsets, and (3) related to taxpayers for federally securities market).
declared disasters. See Rev. Proc. 2020-46, 2020-45 I.R.B. • D—Real estate.
995, available at IRS.gov/irb/2020-45_IRB#REV- • E—Ownership interest in a partnership, trust, or similar
PROC-2020-46. If the participant also has a postponed entity (unless the interest is traded on an established
contribution, use a separate Form 5498 to report a late securities market).
rollover. • F—Option contract or similar product that is not offered for
trade on an established option exchange.
Box 13b. Year • G—Other asset that does not have a readily available
Enter the year for which the postponed contribution in FMV.
box 13a was made. Leave this box blank for late rollover • H—More than two types of assets (listed in A through G)
contributions and rollovers of qualified plan loan offset are held in this IRA.
amounts.

Box 13c. Code
Enter the reason the participant made the postponed
contribution.

Instructions for Forms 1099-R and 5498 (2024) 23

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Index
 
                                                    Federal income tax withholding     13           Qualified rollover contributions    6 22, 
A                                                   Form 1099-R    2
Account closure, IRA  4 19,                         Form 5498  18                                   R
Alternate payee under QDRO        9                 Form 945   13                                   Recharacterized IRA contributions       6, 
Annuity distributions 2 16-                                                                          10 13 18, , 
Automatic contribution                              G                                               Reportable death benefits    2
  arrangements      7                               Guide to Distribution Codes       16 18-        Required minimum distribution       19 23, 
Automatic rollovers   5 6,                                                                          Retirement payments   2 16-
                                                    I                                               Revocation, IRA 4 19, 
B                                                   In-plan Roth rollover (IRR) 3 10 15, ,          RMD 19 23, 
Beneficiaries 9                                     Inherited IRAs  20 22,                          RMD amount   23
                                                    Insurance contracts   2 14,                     RMD date  23
C                                                   Involuntary distributions   5 6,                Rollovers 4 6 9 10 13 14 18 19 21,  ,  , , , , , , , 
                                                                                                     22
Charitable gift annuities  10                       IRA contributions 18
                                                                                                    Roth IRA contributions  19 22, 
Combat zones, designated        20                  IRA distributions 2 3 15 16,  , , 
                                                                                                    Roth IRA conversions   4 6 12 13 19,  , , , , 
Corrected Form 1099-R      9                        IRA recharacterizations   3 6 10 13,  , , ,      22
Corrected Form 5498   21                              18 19 21, , 
                                                                                                    Roth IRA distributions 4 11 13, , 
Corrective distributions   7                        IRA revocation  4 19, 
Cost of current life insurance                                                                      S
  protection  10                                    L
                                                                                                    Section 1035 exchange    2 7 10,  , 
                                                    Late rollovers 23
                                                                                                    Section 402(f) notice 6
D                                                   Life insurance contract 
Death benefit payments     10                         distributions 2                               Section 404(k) dividends  2
Deemed IRAs   3                                     Loans treated as distributions    4 8,          SEP contributions 4 12 18 21 22, , , , 
Designated Roth account,                            Losses, retirement distributions       7 11,    SEP distributions 4 12 14, , 
                                                                                                    Servicemembers' Group Life 
  contributions     3                                                                                Insurance (SGLI) payments       21
Designated Roth account, direct                     M
                                                                                                    SIMPLE contributions   18 22, 
  rollover 4 5,                                     Military death gratuities 21                    SIMPLE distributions  4 7 12 14,  , , 
Designated Roth account,                            Military retirement 2                           State and local information  16
  distributions     10 11 15, , 
                                                                                                    Statements to recipients/
Direct rollovers    4 6 9 10 13 14 17- ,  , , , , , N                                                participants  9
  18 22, 
Disaster relief reporting  20                       Net unrealized appreciation       4 5 11,  , , 
Disclaimer of an IRA  9                               13 14,                                        T
Distributions under EPCRS       8                   Nonperiodic distributions   13                  Taxable amount, retirement 
DVECs  4                                            Nonqualified plan distributions   2              distributions 10
                                                    Nonresident aliens  9                           Transfers:
E                                                                                                    Form 1099-R   6 7, 
                                                    P                                                Form 5498   18
Eligible rollover distribution  4 13 14, , 
Employee contributions, retirement                  Pension distributions  2 16-
  plan 14 15,                                       Periodic payments   13                          U
Employer securities, distributions      8,          Permissible withdrawals under                   U.S. Armed Forces, special 
  10 11 13 14, , ,                                    section 414(w)  9                              reporting   20
Endowment contracts     2 22,                       Postponed contribution    23
Excess deferrals, excess                            Profit-sharing distributions 2 16-              W
  contributions, corrective                                                                         Withholding  13
  distributions of  7                               Q                                                Federal income tax   13
                                                    QDRO 4 7 9,  , 
F                                                   Qualified HSA funding distributions            2
Failing ADP or ACP test,                            Qualified plan distributions      2 16-
  corrections      8

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