Reporting IRA and retirement plan transactions



Where do I deduct my IRA contribution?

See "Reporting deductible contributions," Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs)

How do I report distributions from a pension or annuity?

See "Income, Retirement Plans, Pensions and Annuities," Publication 17, Your Federal Income Tax

Also see Publication 575, Pension and Annuity Income

How can I tell from Form 1099-R if my IRA distribution is taxable?

See "Are Distributions Taxable, Reporting and Withholding Requirements," Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs)

Are retirement plan contributions excluded from my taxable income?

See "Income, Employee Compensation, Retirement Plan Contributions," Publication 17, Your Federal Income TaxUse

Form 8606 to report:

  • Nondeductible contributions to traditional IRAs
  • Distributions from traditional, SEP, or SIMPLE IRAs, if you have ever made nondeductible contributions to traditional IRAs
  • Conversions from traditional, SEP, or SIMPLE IRAs to Roth IRAs
  • Distributions from Roth IRAs

Use Form 5329 to report additional taxes on IRAs and retirement plans, including:

Plan Sponsors

Where do I report SIMPLE IRA contributions for myself?

See Simple IRA tips for the sole proprietor; Operating a SIMPLE IRA Plan

Where do I deduct SEP contributions?

See "Simplified Employee Pensions, Deducting Contributions, Where to Deduct Contributions," Publication 560, Retirement Plans for Small Business

Where do I report participants with deferred vested benefits?

See Form 8955-SSA Resources

How are automatic enrollment contributions reported?

See Auto enrollment FAQ on reporting contributions

How do I report a new responsible party for my retirement plan?

See Beginning January 1, 2014, any entity with an EIN, such as a plan sponsor, must report a change in the identity of their plan's responsible party on Form 8822-B, Change of Address or Responsible Party - BusinessPDF, within 60 days of the change. If the change is made before 2014, and the sponsor has not previously reported the change, the sponsor should file Form 8822-B prior to March 1, 2014.

  • For retirement plans, "responsible party" is the person who has a level of control, directly or indirectly, over the funds or assets in the retirement plan. See the instructions to Form 8822-B, page 2, for a detailed definition of "responsible party" and an explanation of who must sign the form.
  • What are the distribution codes for Form 1099-R?

File Form 1099-R for each person for whom you have made:

  • a distribution of $10 or more from profit-sharing or retirement plans, IRAs, annuities, pensions, insurance contracts, survivor income benefit plans, etc.

IRA contributions will be reported on Form 5498:

  • IRA contribution information is reported for each person for whom any IRA was maintained, including SEP or SIMPLE IRAs.
  • An IRA includes all investments under one IRA plan.
  • The institution maintaining the IRA files this form.

Additional resources