The following information may be helpful in interpreting your 2011 Form 1099-R. Specific information may be obtained by clicking on the appropriate section of the Form 1099-R image below.
This information is intended only to help clarify the form's layout and is not provided in lieu of the advice or expertise of a qualified tax preparer or official.
More information is available at Form 1099-R FAQs.
Address/Identification Boxes
PAYER'S name
CalSTRS mailing address and telephone number
PAYER'S Federal identification number
CalSTRS federal tax identification number with the IRS
RECIPIENT'S identification number
Social Security number of the person receiving the benefit
RECIPIENT'S name
Name and address of person receiving the benefit
Account number (optional) CalSTRS provides the Social Security number on the account of the person or member who provides Family Allowances or Survivor Benefits.
Benefit Type
Each benefit type receives a separate Form 1099-R, for instance Service Retirement.
Paid Benefit Information Boxes
(Numbers refer to 1099-R box numbers)
1-Gross distribution
The total of all benefits of this type disbursed during this tax year.
2a-Taxable amount
- Based on information available to CalSTRS it is the amount of the disbursed benefit generally deemed taxable.
- A blank box is not an indication that the benefit is exempt from taxation. It indicates that CalSTRS could not calculate the actual taxable amount of the benefit.
2b-Taxable amount not determined/Total distribution
- An 'X' in the first check box means CalSTRS could not determine the taxable amount.
- An 'X' in the second box means refunds, cash-out and death benefit distributions which close the account.
3-Amount in Box 2a eligible for capital gain election
CalSTRS does not use this box.
4-Federal income tax withheld
Amounts deducted from 2011 disbursements.
5-Nontaxable Contributions
Gross distribution minus taxable amount (Box 1 minus Box 2a).
6-Net unrealized appreciation in employer's securities
CalSTRS does not use this box.
7-Distribution Code
Identifies the type of distribution received:
1 - Early distribution, no known exception
2 - Early distribution, exception applies
3 - Disability
4 - Payment to beneficiary or beneficiaries based upon death of an active or retired CalSTRS member
7 - Normal distribution
G - Direct rollover
IRA / SEP
CalSTRS does not use this box.
8-Other
CalSTRS does not use this box.
9a-Your percentage of total distribution
Only for Death Benefit payments issued to multiple beneficiaries per tax year.
9b-Total Employee contributions
Amount of a member's account previously taxed contributions remaining for Simplified Method exclusion (External Link). Each year the amount is reduced by the value of excludable contributions. Consult a qualified tax preparer for more detail.
12-State income tax withheld
Amounts deducted from 2011 disbursements.
13-State / Payer's state number
CalSTRS tax identification number with California Franchise Tax Board.
(FTB)
Disclaimer
CalSTRS is not qualified to give tax advice. For further information or tax-law clarification or for forms or publications, you are advised to contact a qualified tax professional, the Internal Revenue Service or California Franchise Tax Board at the numbers listed below.
California Franchise Tax Board
- 800-852-5711
- 916-845-6500 (from outside the U.S.)
Internal Revenue Service
|
