1099-R Question

[Stash026]

Good morning all!  It's been awhile since I completed a 1099-R for a beneficiary, so I just wanted to confirm.  We use the name/SSN for the beneficiary and if they rolled it over it goes as a G, correct?  Or do I use Code 4?

Thanks in advance!

[pmacduff]

Hello Stash - Yes - beneficiary ssn and name and you can use both a 4 and a G in Box 7 on the 1099-R forms. 

The 1099-R instructions (attached pages 15-17 and available on the irs.gov website) have a list including all of the codes and those that can be used together, which I have found an invaluable resource! 

["fyi" I do realize that these instructions are for 2021 1099-R forms, however there aren't any 2020 1099-R instructions posted on the irs website]

i1099r_2021.pdf

[Stash026]

pmacduff. perfect!  Thanks!!!!

[C. B. Zeller]

30 minutes ago, pmacduff said:

however there aren't any 2020 1099-R instructions posted on the irs website

https://apps.irs.gov/app/picklist/list/priorFormPublication.html?value=1099-R&criteria=formNumber&submitSearch=Find

You can also get to this link from the IRS's "About Form 1099-R" page by clicking the link for "All revisions for Form 1099-R and instructions"

[pmacduff]

Thank you C.B. - for some reason I could not get the 2020 instructions on the irs.gov site, which is where i normally go.  The 1099 General instructions were there but not the individual form types.  Thanks again.

[david rigby]

On 1/26/2021 at 9:50 AM, Stash026 said:

... and if they rolled it over it goes as a G, correct? 

This is picky, but stated in case less-informed readers stumble across this thread.  Code G applies to a Direct Rollover, not quite identical to "rolled it over".