Form 1099-R, Pension and Annuity Distributions

The Form 1099-R, Distributions from Pensions, Annuities, etc. skill extracts data from Forms 1099-R, which are annual reports about distributions from pensions, annuities, retirement or profit-sharing plans, individual retirement accounts, insurance contracts, etc. This form has to be compiled by either the person that carried out such payments or by the manager of the appropriate plan, and is then provided to both the US Internal Revenue Service (IRS) and the recipient of such payments. A separate report has to be compiled for each recipient. Several reports may sometimes be required for a single recipient. The Form 1099-R, Distributions from Pensions, Annuities, etc. skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing Forms 1099-R. For production use, you may need to uptrain the skill with your own document samples. This skill recognizes handwritten text. The option is enabled by default. If you do not import handwritten forms, disable the Handwritten option in the skill settings.

Countries and Languages

Countries	Languages
USA	English

Extracted Fields

Basic Form Information

Field	Description
Void	Specifies that the processed form should be annulled.
Corrected	Specifies that the processed form is being submitted to correct data provided earlier.
Year	The reporting fiscal year.

Payer Details

Field	Description
Name	The name, address, and phone number of the payer.
Street	The name, address, and phone number of the payer.
City	The name, address, and phone number of the payer.
State	The name, address, and phone number of the payer.
ZIP Code	The name, address, and phone number of the payer.
Country	The name, address, and phone number of the payer.
Phone	The name, address, and phone number of the payer.

Tax Identification Numbers

Field	Description
Payer’s TIN	The tax identification number assigned to the payer.
Recipient’s TIN	The tax identification number assigned to the recipient of the payments.

Recipient Details

Field	Description
Name	The name and address of the payment recipient.
Street	The name and address of the payment recipient.
City	The name and address of the payment recipient.
State	The name and address of the payment recipient.
ZIP Code	The name and address of the payment recipient.
Country	The name and address of the payment recipient.

Account Information

Field	Description
Account Number	The unique number used by the payer to identify the payment recipient.

Distribution Information

Field	Description
Gross Distribution	The total amount distributed (before taxes and other deductions).
Taxable Amount	The amount distributed that is subject to taxation (if the data required to calculate this amount can be obtained).
Taxable Amount Not Determined	Specifies that the data required to calculate an amount for box 2a (Taxable Amount) cannot be obtained.
Total Distribution	Specifies that the amount specified in box 1 (Gross Distribution) was either a once-off payment, or that the payment received in the specified fiscal year was the last in a series of periodic or partial payments.
Capital Gain	The amount taxable as capital gains.
Federal Income Tax Withheld	The total amount withheld as federal income tax.

Employee Contributions and Securities

Field	Description
Employee Contributions or Insurance Premiums	The amount paid by the recipient as employee contributions or insurance premiums (eligible for tax deductions in the reporting fiscal year).
Net Unrealized Appreciation in Employer’s Securities	The net unrealized appreciation of employer’s securities received by the payment recipient.

Distribution Codes and Account Types

Field	Description
Distribution Code	The distribution code or codes. The payer may specify up to two codes, which are then used by the IRS to determine whether the payment recipient has provided the correct information about the payments. The following symbols are allowed: numbers 1-9 and Latin letters A-W.
IRA SEP SIMPLE	Specifies that the payments were made from either an individual retirement account (IRA), a SEP IRA account, or a SIMPLE IRA account.

Annuity and Distribution Details

Field	Description
Other	The distribution amount received from an annuity contract. If the distribution is made to more than one recipient, the share distributed to the recipient specified in the form is also shown.
Other (%)	The distribution amount received from an annuity contract. If the distribution is made to more than one recipient, the share distributed to the recipient specified in the form is also shown.
Your Percentage of Total Distribution	The percentage of the distribution received by the recipient (if the distribution was made to more than one recipient).

Employee Contribution History

Field	Description
Total Employee Contributions	The total amount of employee contributions paid by the recipient. Contributions that were already subject to tax deductions during any previous fiscal year are not specified.

Roth Account Information

Field	Description
Amount Allocable to IRR within 5 Years	The total amount that can be allocated as an in-plan Roth rollover made within 5 years from the date of the first contribution to the Roth account.
First Year of Designated Roth Contributions	The first year the recipient made a contribution to the designated Roth account.

Compliance and Payment Information

Field	Description
FATCA Filing Requirement	Specifies that the Foreign Account Tax Compliance Act (FATCA) filing requirement is satisfied.
Date of Payment	Specifies the date of payment for reportable death benefits in the following format: MM/DD/YYYY.

State and Local Tax Information

Field	Description
State Tax Withheld 1	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
State Tax Withheld 2	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
State and Payer State Number 1	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
State and Payer State Number 2	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
State Distribution 1	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
State Distribution 2	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
Local Tax Withheld 1	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
Local Tax Withheld 2	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
Name of Locality 1	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
Name of Locality 2	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
Local Distribution 1	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.
Local Distribution 2	State- and locality-specific payment and tax information. Contains the payment amounts, the withheld tax, the names of the states and localities, as well as the taxpayer identification numbers assigned to the payer in the corresponding states.

Key Fields

Year
Payer Details/Name
Payer’s TIN
Recipient’s TIN
Recipient Details/Name
Account Number
Gross Distribution
Taxable Amount

Validation Rules

Rule	Description
Complete Form Year	Checks the value in the Year field. It removes any white spaces and converts a 2-digit year into a 4-digit format. If the last two digits are numeric and start with 9, it converts the value to the 1900’s (for example, 99 converts to 1999). Otherwise, it assumes the date is from the 2000’s (for example, 24 converts to 2024).

​Countries and Languages

​Extracted Fields

​Basic Form Information

​Payer Details

​Tax Identification Numbers

​Recipient Details

​Account Information

​Distribution Information

​Employee Contributions and Securities

​Distribution Codes and Account Types

​Annuity and Distribution Details

​Employee Contribution History

​Roth Account Information

​Compliance and Payment Information

​State and Local Tax Information

​Key Fields

​Validation Rules