MaryK4
Employee Tax Expert

Retirement tax questions

Yes, you should receive a 1099-R.  "Payments of reportable death benefits in accordance with final regulations published under section 6050Y must be reported on Form 1099-R." (Instructions for Forms 1099-R and 5498 (2025))

 

No, you should not receive a 1099-DIV.  When you took the dividend cash withdrawal it should have reduced your basis so it was not a taxable event at that time.  It is also most likely why you do not have a taxable gain today.

 

You do not have a taxable amount, but it is important that you report the transaction.  You should wait for a 1099-R (which are due January 31st so it should arrive very soon).  If you do not receive one, you can still report it in TurboTax with a Form 4852 (Substitute Form).  Please post again if you do not have it in about a week and ask for the steps for a Substitute 1099-R.  

 

 

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