Randy Haynes
Level 4
03-26-2023
06:03 PM
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That is not what my research reveals. Note bullet point 5 below.
Who receives a 1099-R?
- Contract owners with reportable distributions from their annuities during the previous calendar year will receive a 1099-R. For more information, see "What is the difference between a reportable and taxable distribution?" below.
- If applicable, a 1099-R is mailed to the contract owner's address of record. For clients enrolled in electronic delivery, notification of 1099-R availability on the website is sent to the email address on record.
- The information on the 1099-R is based on the contract owner, not the annuitant (except for 457(b) government entity-owned contracts).
- If the contract has joint owners, the 1099-R is issued to the primary owner.
- A 1099-R is not generated on corporate-owned nonqualified, 401(k), Pension, Keogh, 457(b), or 501(c)(3) not-for-profit entity-owned contracts.
- A 1099-R is also not generally generated if your contract is held by a custodian company. In this case, please contact your custodian for your 1099-R.