How do I create Form 1099-R?

Creating Form 1099-R

1. Click on the Payer List button.
2. Double click on the payer name.
3. Highlight the recipient to add the form to.
4. Click on the Add Form button.
5. Choose 1099-R from the Form Type drop down menu.
6. Fill in the necessary fields on the form:
• Return Information Tab:
• Corrected: Check if this box applies.
• Print 0 in 2A if 0:  Check this box if it applies.
• Taxable amount not determined:  Check box if taxable amount cannot be determined.
• Total distribution:  Check box if the payment shown in box 1 is a total distribution.
• 1st year of desig. Roth contrib.:  Enter the first year of the designated Roth account contribution.
• Distribution Code:  Enter appropriate distribution code.
• Other %:  Enter other percentage.
• % of total distrib.:  Enter percentage of total distribution.
• State 1/Payer’s no.:  Enter State abbreviation.  Enter Payer's No. for the first state.
• State 2/Payer’s no.:  Enter State abbreviation.  Enter Payer's No. for the second state.
• Name of locality (1):  Enter name of locality.
• Name of locality (2):  Enter name of locality.
• Account Number:  A number assigned to recipient by the payer.  This field is optional except for the following cases:
• The recipient has multiple returns for the same return type.
• The returns are filed using the E-file Center.
• The “FATCA filing requirement” box is checked.
• FATCA filing requirement:  Check this box if the payer is filing Form 1099-R to satisfy a chapter 4 account reporting requirement.
• Date of Payment:   Enter the date payment was made for reportable death benefits.
• Transaction Summary Tab:
• Gross distribution:  Enter the gross distribution amount.
• Taxable amount:  Enter the taxable amount.
• Capital gains:  Enter all Capital Gains.
• Federal Inc. tax withheld:  Enter Federal Income tax withheld.
• Employee Contributions/ Designated Roth Contributions or Insurance Premiums:  Enter employee contributions.
• Net unrealized appreciation:  Enter Net unrealized appreciation.
• Other:  Enter any miscellaneous amounts.
• Total employee contribution:  Enter total employee contribution.
• Amount allocable to IRR within 5 years:  Enter the amount of the distribution allocable to an IRR within 5 years.
• State tax withheld (1):  Enter State tax withheld.
• State distribution (1):  Enter State distribution.
• Local tax withheld (1):  Enter Local tax withheld.
• Local distribution (1):  Enter Local distribution.
• State tax withheld (2):  Enter State tax withheld.
• State distribution (2):  Enter State distribution.
• Local tax withheld (2):  Enter local tax withheld.
• Local distribution (2):  Enter local distribution.
7. Click Save.