1099'S - PS 58 Cost and regular distributions

[Guest Achilles]

For a plan I work on, there are several 1099's that were produced for normal distributions taken.

I also have several other participants that will need 1099's filed related to their PS 58 Cost.

Side note - I am not that familiar with the 1099 process. I believe that there is a 1096 that would be provided which would be a total of the 1099's produced.

My question is: Since I have 1099's for 2 different reasons (dist's & PS 58 cost), will I need to submit separate 1096's, or can I just combine them?

From what I hear, this could be a big issue if done incorrectly.

Thanks in advance!

[goldtpa]

No you only need one 1096 to report all of the distributions. If a person has a PS58 Cost and a normal distribution you will need two 1099s for the same person.