If you received a distribution from a retirement account—such as a pension, annuity, IRA, or even an insurance contract—you should receive Form 1099-R. This form reports the amount distributed and any taxes withheld.
If your distribution came from a railroad retirement account, you should receive Form RRB-1099-R.
⚠️ Why Accurate Reporting Matters
Both Form 1099-R and RRB-1099-R impact your federal and state tax returns.
- Incorrect or missing entries can lead to underreported income, delayed refunds, or IRS/state notices.
- Be sure to enter all amounts exactly as shown on the form, including any federal or state withholding.
Review each form carefully and report all distributions to ensure your return is complete and accurate.