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1099-R tax forms

What is a 1099-R form?

Like the W-2 you receive when you’re employed, retirees have their own version of income reported to the IRS. This is a tax form called a 1099-R. Also like a W-2, the 1099-R is released annually after the end of each year you collect retirement income. Usually the previous year’s 1099-R is available before the end of January. Every year, DRS releases a news article as soon as we know the date your 1099-R will be available.

Where do I get my 1099-R form?

View, print or download your 1099-R tax forms through your DRS online account.

You could get more than one 1099-R form

You get a separate 1099-R for each type of retirement income you receive. For example, if you are a retired PERS Plan 3 member withdrawing money from a DCP savings account, you’ll receive a separate 1099-R for your pension account, your Plan 3 investment account and your DCP investment account. You would access your DCP and Plan 3 investment account forms by selecting Plan 3 or DCP through your DRS online account.

You might receive more than one 1099-R if you:

  • Retired from more than one retirement system
  • Reached age 59½ during the tax year
  • Are receiving your own retirement benefit and a survivor benefit from someone else
  • Are receiving your own retirement benefit and a payment resulting from a divorce
  • Received a retirement benefit and a refund of contributions within the same tax year

Where can I find more information about 1099-R forms?

Get more information and see what a 1099-R form looks like.

Guide to understanding your 1099-R

This is an example of a 1099-R tax form. For questions about your 1099-R, contact your tax advisor or the IRS at 800-829-1040.

1 Gross distribution

The total amount we paid you during the tax year.
2a Taxable amount
The taxable portion of Box 1. If this box is empty, see 2b.
2b Taxable amount not determined
If this box is checked, we did not have all of the information needed to calculate your taxable amount. See IRS publication 575, Pension and Annuity Income.
Total distribution
If this box is checked, the distribution you received closed your account.
4 Federal income tax withheld
The total amount of federal income tax withheld during the tax year.
5 Employee contributions
Any after-tax (non-taxable) contributions you recovered tax free during the tax year.
7 Distribution code
The code identifying the type of benefit (retirement, disability, beneficiary, etc.) you received in the tax year. See the end of this page for a list of the distribution codes.
9b Total employee contributions
The total amount of after-tax contributions you paid to your retirement system while working. We use this to determine the after-tax contribution amount shown in Box 5. This amount is only shown during your first year of retirement.

Distribution codes used in Box 7

The following codes identify your distribution:

1: You are either:

 

  • Under the age of 55 and withdrew your retirement contributions; or
  • A retiree under age 55 who withdrew an annuity at retirement without rolling it over to an IRA, qualified plan or tax-sheltered annuity.
2: You are either:

 

  • Over the age of 55, but under 59½ and withdrew your retirement contributions; or
  • A service retiree who is younger than 59½.
3: You are:
Receiving a disability retirement.
4: You are:
A beneficiary, survivor or estate receiving payment(s) from a deceased member or retiree’s account.
7: You are:
Receiving a service retirement and you are over the age of 59½.
G: You:
Directly rolled your payment into an IRA.
Beneficiary Designation

Members, you can update your beneficiary information from your online retirement account. Select “My Account” in the navigation menu and then “View/Edit” beside “Beneficiary.”

(If you prefer to fill out and mail in a printed form, select this link.)