Distributions from IRAs and Pensions Form 1099-R
Distributions reported on Form 1099-R include:
- Retirement or profit-sharing plans
- Insurance contracts
However, not all distributions reported on your Form 1099-R are taxable.
Ex: Funds you roll over into a new IRA aren’t taxable if you complete the rollover within 60 days.
Learn more about the SALT Deduction, a new federal tax law that caps itemized state and local tax deductions for all filers.
For a limited time, qualifying taxpayers can pay nothing to file a 1040ez with a tax pro at H&R Block. Find out if you qualify and how you can pay nothing!
How long penalty abatement takes depends on the type of penalty relief you’re requesting. Learn more from the tax experts at H&R Block.
The IRS Fresh Start program was developed to help taxpayers struggling with unpaid tax debt. Learn more from the experts at H&R Block.