IRS Releases 2018 Form 1099-R

August 16, 2018 Adam Rivera

The IRS has released the 2018 Form 1099-R. The form is used to report distributions from pensions and annuities, IRAs, insurance contracts, etc. to the IRS. There are a number of changes from the previous revision:

  • All references to Form 1040A have been removed because of updates that will be made to Form 1040
  • New instructions
    • Box 1: “If code C is shown in box 7, the amount shown in box 1 is a receipt of reportable death benefits that is taxable in part”
    • Box 5 now includes references to “the investment in a life insurance contract reportable under section 6050Y”
  • New codes
    • Code C- Reportable death benefits under section 6050Y

View the 2018 Form 1099-R here.

About the Author

Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.

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