Does the form 1099-R count as the 457

pennuwolf — Tue, 04 Jun 2019 19:45:55 GMT

Yes, a 457 distribution is reported on a 1099-R.

CherylW — Tue, 04 Jun 2019 19:45:57 GMT

Yes, a 457 distribution is reported on a 1099-R.

Re: Yes, a 457 distribution is reported on a 1099-R.

drlaura323 — Thu, 20 Feb 2020 21:01:12 GMT

No my 457 distribution was reported by Fidelity Investments on a W2 which is for non-qualified plans

Re: Does the form 1099-R count as the 457

BillM223 — Thu, 20 Feb 2020 22:09:02 GMT

It depends on whether the 457 is a governmental or nongovernmental plan.

The IRS Instructions for form 1099-R say,

"Governmental section 457(b) plans.

Report on Form 1099-R, not Form W-2, income tax withholding and distributions from a section 457(b) plan maintained by a state or local government employer. Distributions from a governmental section 457(b) plan to a participant or beneficiary include all amounts that are paid from the plan. For more information, see Notice 2003-20 on page 894 of Internal Revenue Bulletin 2003-19,...

But the next paragraph says,

"Nonqualified plans.

Report any reportable distributions from commercial annuities. Report distributions to employee plan participants from section 409A nonqualified deferred compensation plans and eligible nongovernmental section 457(b) plans on Form W-2, not on Form 1099-R;"

See IRS Instructions for 1099-R.

topic Does the form 1099-R count as the 457 in Retirement tax questions

Does the form 1099-R count as the 457

Yes, a 457 distribution is reported on a 1099-R.

Re: Yes, a 457 distribution is reported on a 1099-R.

Re: Does the form 1099-R count as the 457