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how long do you have to file a 1099 R and a 1099 INH. My father passed away last year and I have received money from insurances was told I have 3 years to claim my 1099

 
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2 Replies
SabrinaD2
Employee Tax Expert

how long do you have to file a 1099 R and a 1099 INH. My father passed away last year and I have received money from insurances was told I have 3 years to claim my 1099

Regarding your question, the deadlines for filing Forms 1099-R and 1099-INT are as follows:

  • Form 1099-R: Deadline is January 31 of the year following the distribution.
  • Form 1099-INT: Deadline is January 31 of the year following the interest payment.
  • Tax Return Deadline: Report income by April 15 of the following year.
  • Amended Returns: You have three years to claim a refund or correct your tax return.

If you received Forms 1099-R and 1099-INT for income in 2024, you should report this income on your 2024 tax return, which is due by April 15, 2025. The three-year period refers to the statute of limitations for claiming a refund or making corrections to your tax return

 

For more details, you can visit the IRS website

dmertz
Level 15

how long do you have to file a 1099 R and a 1099 INH. My father passed away last year and I have received money from insurances was told I have 3 years to claim my 1099

SabrinaD2's answer addresses how long the payer has to issue the Forms 1099.  As for when you must report the income, you must report the Form 1099- R on the tax return for the year indicated on the form.  You are not permitted to delay reporting to a future year.

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