Get the free 1099-R - Waddell & Reed

2013 Tax Guide Form 1099-R Table of Contents IRS Resources: ....................................3 Form 1099-R: Distributions from IRA's and Qualified Plans ..............................4 Understanding

How to fill out 1099-r - waddell amp

How to Fill Out 1099-R - Waddell amp?

1. Obtain the necessary form: The 1099-R form can be obtained from the IRS website or through other tax preparation software. Make sure you have the correct version of the form for the relevant tax year.
2. Fill in the payer's information: Enter the name, address, and employer identification number (EIN) of the company or institution that issued the 1099-R form. This information is typically found in Box 1.
3. Provide recipient's information: Enter your personal information, including your name, address, and social security number or taxpayer identification number. This information is usually requested in Box 2.
4. Enter distribution information: In Boxes 3-9 of the 1099-R form, report the details of the distribution you received. This includes the total amount of the distribution (Box 1), the taxable amount (Box 2a), any federal income tax withheld (Box 4), and the distribution code (Box 7).
5. Specify rollovers or conversions: If the distribution is a result of a rollover or conversion, indicate this in Boxes 2b and/or 2c, providing the necessary information.
6. Report any excess contributions: If there were any excess contributions made to your retirement account, it may be necessary to report them in Box 9 of the form.
7. Complete the state information: Depending on your state's tax laws, you may need to provide additional information regarding the distribution. Check the instructions for your specific state regulations.
8. Include any additional forms or statements: If you received a state tax refund, for example, you may need to attach additional forms or statements to your tax return. Follow the instructions carefully to ensure compliance.

Who Needs 1099-R - Waddell amp?

1. Individuals who received distributions from a retirement plan: If you received a distribution from a retirement plan, such as a traditional or Roth IRA, a pension, or an annuity, you may need to file a 1099-R form.
2. Recipients of lump sum distributions: If you received a lump sum distribution from a retirement plan, reportable on Form 1099-R, you are required to fill out the applicable sections.
3. Taxpayers subject to federal income tax withholding: If federal income tax was withheld from your distribution, you will need to report this information on the 1099-R form.

Note: It is always advisable to consult with a tax professional or refer to the official IRS guidelines to ensure accurate completion of the 1099-R form and compliance with tax regulations.

For pdfFiller’s FAQs

What is 1099-r - waddell amp?

1099-R is a tax form used for reporting distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, and insurance contracts. Waddell & Reed is a financial services company that may issue this form.

Who is required to file 1099-r - waddell amp?

Financial institutions, employers, or other entities that make payments that are reportable on form 1099-R are required to file this form.

How to fill out 1099-r - waddell amp?

To fill out form 1099-R, you will need to provide information about the recipient, the payer, the distribution, and any taxes withheld.

What is the purpose of 1099-r - waddell amp?

The purpose of form 1099-R is to report distributions from retirement or retirement-related accounts to the IRS and the recipient.

What information must be reported on 1099-r - waddell amp?

The form must include the recipient's personal information, the payer's information, distribution amounts, and any federal or state taxes withheld.

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