Instructions for Forms 1099-R and 5498 - Introductory Material

Future Developments

For the latest information about developments related to Forms 1099-R and 5498 and their instructions, such as legislation enacted after they were published, go to www.irs,gov/form1099r or

What's New

FATCA filing requirements of certain foreign financial institutions (FFIs).   Beginning in 2014, an FFI with a chapter 4 requirement to report a cash value insurance contract or annuity contract that is a U.S. account held by a specified U.S. person with the FFI may satisfy this requirement by electing to report the account in a manner similar to that required under section 6047(d). Form 1099-R is to be used for such reporting. See Regulations section 1.1471-4(d)(5)(i)(B) for this election. Also see Regulations section 1.1471-4(d)(2)(iii)(A) for how a U.S. payor may satisfy its chapter 4 reporting requirements by reporting on Form(s) 1099.

Guide to Distribution Codes

Distribution code K.   The subheadings for distribution code K reported on Form 1099-R have been rewritten to match the types of investments reported on Form 5498 in box 15b.


In addition, see the 2015 General Instructions for Certain Information Returns for information on the following topics.

  • Who must file (nominee/middleman; certain FFIs and U.S. payors that report on Form(s) 1099 to satisfy their chapter 4 reporting requirements).

  • When and where to file.

  • Electronic reporting requirements.

  • Corrected and void returns.

  • Statements to recipients.

  • Taxpayer identification numbers.

  • Backup withholding.

  • Penalties.

  • The definitions of terms applicable for chapter 4 purposes that are referenced in these instructions.

  • Other general topics.

You can get the general instructions at or or call 1-800-TAX-FORM (1-800-829-3676).

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