Instructions for Forms 1099-R and 5498 (2008)

IRS Resources

Instructions for Forms 1099-R and 5498 - Introductory Material

Table of Contents

What's New

Form 1099-R

Qualified charitable distributions. Information relating to the reporting requirements for eligible charitable distributions under section 408(d)(8) has been deleted from the TIP on this page due to expiration of the provision.

Permissible withdrawals from eligible automatic contribution arrangements. Permissible withdrawals from eligible automatic contribution arrangements have been
added to the list of distributions that are not eligible rollover distributions on page 3. Also, reporting instructions for these permissible withdrawals have been added under Permissible Withdrawals under Section 414(w) on page 6.

Qualified rollover contributions. Reporting instructions for qualified rollover contributions as defined in section 408A(e) have been added under Reporting a direct rollover on page 3.

Box 2a. Taxable Amount. A Caution has been added to the instructions for box 2a on page 7 to notify filers to disregard the amount which may be excludible under section 402(l) as a distribution of payments for qualified health and long-term care insurance premiums for retired public safety officers when computing the taxable amount in box 2a.

Box 4. Federal Income Tax Withheld. Instructions for withholding on nonqualified distributions from designated Roth accounts have been added on page 9 under Eligible rollover distribution; 20% withholding.

Guide to Distribution Codes. The following changes were made to the Guide to Distribution Codes.

For Distribution Code 1 on page 11, references to the qualified reservist distribution under section 72(t)(2)(G) have been deleted due to expiration of the provision.
An exception was added to Distribution Code 2 on page 11 for distributions that are permissible withdrawals under an eligible automatic contribution arrangement under section 414(w).
New Distribution Code H, Direct rollover of a designated Roth account distribution to a Roth IRA, was added on page 12.
Distribution Codes B and D are a valid combination for 2008.

Form 5498

Disaster relief reporting. A section has been added on page 14 to direct filers to the IRS website for information on disaster relief available for presidentially declared disaster areas.

Designated combat zones. Somalia has been added to the list of locations in the designated combat zone for Enduring Freedom on page 14.

Qualified rollover contributions. Instructions have been added to box 2 for the reporting of qualified rollover contributions to Roth IRAs.

Reminders

In addition, see the 2008 General Instructions for Forms 1099, 1098, 5498, and W-2G for information on the following topics.

Backup withholding.
Electronic reporting requirements.
Penalties.
Who must file (nominee/middleman).
When and where to file.
Taxpayer identification numbers.
Statements to recipients.
Corrected and void returns.
Other general topics.

You can get the general instructions from the IRS website at www.irs.gov or call 1-800-TAX-FORM (1-800-829-3676).

Prev	Up	Next
	Home

More Online Instructions