Form 1099-R

Form 1099-R

IRS form posted in on 16 January 2008| comments
audience: | last updated: 16 January 2008
Print
||
Rate:

The taxation of distributions from charitable gift annuities to annuitants is reported on Form 1099-R.

Note: Report in box 1 the total amount distributed during the year. Report in box 2a the taxable amount (including all reportable capital gains). If any amount is taxable as capital gain, report it in box 3. Please advise the annuity recipient of any amount in box 3 subject to the 28% rate gain, such as for collectibles, and any unrecaptured section 1250 gain. Report in box 5 any nontaxable amount. Enter Code F in box 7. See Reg. ยง1.1011-2(c) Example 8.

Add comment

Login or register to post comments

Comments

Group details

Contact

Follow

RSS

This group offers an RSS feed. Or subscribe to these personalized, sitewide feeds:
 
7520 Rates: June 2.2% May 2.4% Apr 2.2%

Already a member?

Learn, Share, Gain Insight, Connect, Advance

Join Today For Free!

Join the PGDC community and…

  • Learn through thousands of pages of content, newsletters and forums
  • Share by commenting on and rating content, answering questions in the forums, and writing
  • Gain insight into other disciplines in the field
  • Connect – Interact – Grow
  • Opt-in to Include your profile in our searchable national directory. By default, your identity is protected

…Market yourself to a growing industry