Retirement Distributions

Retirement plan distributions must be reported to the IRS.

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Retirement Plan Distributions

Retirement plans include 401(k)s, 403(b)s, SIMPLE or Keogh plans, or a self-maintained IRAs.

When you receive retirement plan distributions, the money will not be reported on a W-2.

However, most retirement plan distributions are fully taxable.

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Establish whether your distributions are taxable by answering a few questions in the H&R Block e-filing interview.

Reporting your retirement plan distributions

Form 1099-R reports retirement plan distributions and Box 7 lists the type of retirement plan distribution and its tax liability. (list of codes).

To report your retirement plan distributions, enter the payer's name, address and EIN, and the retirement distribution code located on the form, type of plan, and the amounts found in each box on your 1099-R

For IRAs with nondeductible contributions, Form 8606 must be completed.

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Related IRS publications

Get more information about reporting retirement plan distributions for IRS publications:

Publication 939 - General Rule for Pensions and Annuities.
Publication 575 - Pension and Annuity Income
Publication 590 - Individual Retirement Arrangements (IRAs).
Publication 721 - Tax Guide to U.S. Civil Service Retirement Benefits.
Publication 571 - Tax-Sheltered Annuity Plans (403(b) Plans).

Note: you will need an Adobe Acrobat Reader to view these publications, which you can get here. (But you probably already have it.)