DianeW777
Employee Tax Expert

Retirement tax questions

It depends.  If you have the same financial institution it's possible they would issue only one Form 1099-R. You should wait on your plan administrator (financial institution) to send the necessary forms.  The deadline is the end of January so it's a little early to know if another form will be coming for you.

 

Contact the plan administrator to inquire before trying to complete your return.  There are many codes that are used in box 7 of the Form 1099-R that provide the detail of what the distribution is for.  This article may be helpful for you when entering the codes.

Do NOT alter the Form 1099-R when you complete your return. It should be entered exactly as it appears.

 

[Edited: 01/21/2022 | 8:55a PST]

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