How do I file a 1099-R form? I've never done it before. I'm not sure what it even is. This is my first time receiving a 1099-R form and no one in my family knows either.

[Jenni28]

I really unsure and confused how to file my 1099-r form I got in the mail. I'm confused what type of form it even is.

[VolvoGirl]

Who is it from?  Did you take a IRA or 401K withdrawal?  Did you rollover or transfer it to another account?  Do you get a pension?  Did you leave a job and not pay back a 401K loan?

What code is in box 7?

Enter a 1099R under

Federal Taxes on the left side

Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

If you are filing a Joint return be sure to pick which person it is for.

[Jenni28]

I did leave my job back in late 2019 and they sent me a check. I believe it was a 401k and I got that early 2020. In my box 7 it has 1 on it. But a lot of it is blank besides boxes 1, 2A, 4, 16, 15, and 2B. I figure out how to enter that information. I’m now unsure how I’ll Identify the plan like it asks me too.

[VolvoGirl]

I'll page @dmertz  1099R 

[dmertz]

This distribution from the 401(k) represents money that you deferred from your paycheck so that you would not have to pay taxes on it at the time that you earned it, so now this money and the investment earnings on this money are taxable since they've been distributed to you (and presumably not rolled over.  Box 2a shows the taxable amount (likely the entire amount shown in box 1 and the amount in box 4 is what ws withheld for taxes and will be credited on Form 1040 line 25b.  Box 2b Total distribution being marked simply means that this distribution closed out the 401(k) account.

Enter the Form 1099-R exactly as received under Wages & Income (or Personal Income) -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R) and answer the questions that follow.  Assuming that you did not move the money to another retirement account, the box 2a amount will be included in income of Form 1040 line 5b and you'll also have a 10% early-distribution penalty on Schedule 2 line 6.

A 401(k) is a qualified retirement plan.