The two most important numbers on Form 1099-R are in boxes 1 and 2a. Box 1 includes the total amount of money that the financial institution distributed from your retirement account.

Form 1099-R information is also shared with the IRS and explains how much you withdrew and whether the amount is taxa ...

The two most important numbers on Form 1099-R are in boxes 1 and 2a. Box 1 includes the total amount of money that the financial institution distributed from your retirement account.

If you qualify for an exception, but your IRA custodian inputs Code 1 in Box 7 of your 1099-R, your tax preparer must file IRS Form 5329 to override the Code 1 and claim the exception. Misleading ...