1099-r box 5 Form 2023-2024

1099-r box 5 Form: What You Should Know

The plan contribution amount (pre-tax, after-tax or no deduction) 2. The amount of a designated Roth investment (pre-tax, after-tax or no deduction) 3. The aggregate Roth contribution by the plan participant and his or her spouse (pre-tax, after-tax or no deduction) 4. The amount of any pre-tax contributions made to the plan by one or both of the participant's parents (“designated Roth child”) 5. The aggregate contributions made by the participant and his or her spouse for qualifying education expenses 6. The aggregate amount of pre-tax and after-tax contributions to the plan made after the participant attained age 59½ as a condition of the participant's continued participation in the plan (taxable contributions and amounts designated as “additions” to the plan (determined under Section 404(b))). The aggregate amount includes amounts that are designated as noncapital contributions. Note: It is possible that a participant may not have made taxable contributions to the plan. For more information, check the Form 1099R at (US Only) or Form W-2G at (International) If you received a Form 1099R, you can use the IRS Free File software to prepare a new Form 1099-R that uses the information reported in the Form 1099R. If you received a Form 10962 and you do not have access to the IRS Free File software, see (US Only) for a free version of the IRS Free File software that you can use with Form 10962 Form W-2G and 1099R, and see (International) to prepare a new Form W-2G that uses the reporting information available in the Forms 1099-R and 1099-R-EZ. You need the form to report on Form W-2 to obtain a Form W-2G; therefore, if you have received a Form 1099R, you should take the time to update the reporting on Form W-2 as soon as possible. Your employer does not need to report your Form W-2G.

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