Pensions and Annuities

Generally, payers of pension and annuity income send Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRA's, Insurance Contracts, Etc. to their recipients.

• The total amount from box 1 of Form 1099-R is reported on Form 1040A, line 12a or Form 1040, line 16a

• The taxable portion from box 2a is reported on Form 1040A, line 12b or Form 1040, line 16b

• If the entire amount is taxable, then enter the total in line 12b or 16b, and leave line 12a or 16a blank

• A check in box 7 of Form 1099-R means distributions from an IRA account; otherwise the distribution is from a pension or an annuity

	Distributions from any individual retirement account (IRA), except ROTH or education, are reported on box 1 and box 2a of Form 1099-R, regardless of the amount. Details about social security benefits, pensions, and annuities are in the Intermediate and Advanced courses