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What is a 1099-R form?

April 26, 2017form

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What is a 1099-R form?

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Internal Revenue Service (IRS) form 1099-R is used to provide information about IRA distributions to both the IRA owner and the IRS. This form is required any time a withdrawal is taken from an IRA and reports the total amount of distributions during the year, any taxes withheld, the reason for withdrawal, and the type of IRA from which the funds were withdrawn. Traditional and Roth IRA distributions are reported on separate 1099-R forms.