Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form ...

If you receive a 1099-R, keep in mind that not all distributions from retirement or tax-deferred accounts are subject to tax. One example is a direct rollover from a 401(k) plan to an IRA.

Reporting the information from Form 1099-R on your tax return is a critical step. For IRA distributions, the taxable amount goes to line 4b of Form 1040. If you've taken a distribution from a ...

When you submit a distribution form to make a QCD, the company holding the IRA will count the funds as distributed when they send the funds.

If the gifts you made from your IRA directly to charity do not appear on your 1099-R, it will be your responsibility (or you can ask your adviser) to communicate how much you’ve gifted ...

The institution holding the IRA will issue a 1099-R for the total distributed from the IRA regardless of where those funds went. The 1099-R will not be adjusted for the QCD. You the taxpayer ...