1099-R for Annuity Purchase?

[BTH]

Last year, a recently retired participant in a Profit Sharing Plan decided to elect an annuity as their form of distribution. Her account balance was used to purchase an annuity from an insurance company and going forward, she will receive any payments directly from the insurance company.

I know that the annuity purchase itself it not a taxable event and the individual will receive a 1099-R from the insurance company whenever money is withdrawn from the annuity.

From the standpoint of the Profit Sharing Plan, however, is a 1099-R required to be issued to the participant? If so, which boxes and codes should be used?

I could be misssing something, but the 1099 instructions don't seem to address this particular situation.

Thanks!

[EBDI]

My guess and this is only a gut reaction is that the participant did a rollover when the annuity was purchased. I would use the code for a rollover.

[Bird]

There was a thread on this - I saved the printout - and the answer is that you don't report it, confirmed by the IRS over the phone, for what that's worth. I'll try to come back and link to that thread.

...

Here it is:

thread from Jan 2010

(edited to add link)

[BTH]

Thanks, Bird.

Don't know how I managed to miss that thread in searching, but that's exactly the type of information I was hoping to find.