Reading Your Form 1099-R
Which payments are included on my Form 1099-R?
Your Form 1099-R includes payments issued from January 1 through December 31.
The payment issued January 1 for the month of December of the prior year will be included on the Form 1099-R in the year the payment was issued.
Why does my 2014 Form 1099-R look different from previous years?
In pursuit and support of CalSTRS’ green initiative, effective 2014 tax year, your Form 1099-R is printed on a smaller paper template. The IRS does not require us to include Copy 2; therefore, that copy was eliminated from the new Form 1099-R.
What are Nontaxable Contributions (box 5)?
- Gross Distribution (box 1) minus Taxable Amount (box 2a).
- The total excludable for the year using the Simplified Method.
The Pension and Annuity Income IRS publication provides detailed information on nontaxable contributions.
Why did the value in box 7 change from prior years?
Generally, the box 7 value is defaulted to “7” for most benefit types. However, depending on the member’s individual circumstances, the distributions may have been coded differently. Refer to the following distribution codes for more detail:
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
Note: Members with a “2” in box 7 may be subject to a penalty if audited by the IRS. If this applies to you, contact CalSTRS to request a letter to explain the situation.
What is the Percentage of Total Distribution (box 9a)?
- Percentage received by the beneficiary or beneficiaries of someone else’s account.
- Payments made this year. Not necessarily the percentage based on total distribution.
What are the Total Employee Contributions (box 9b)?
Amount of prior taxed contributions remaining after the Simplified Method exclusion.
Why do I have more than one Form 1099-R?
You receive a separate form for each type of benefit. Service Retirement and Disability Allowance (Coverage A) are examples of benefit types. View an example of the form.
Is my income tax return affected if I was overpaid a benefit and have a repayment plan?
- Repayments received in 2014 for overpayment in 2014 are noted in box 1.
- Repayments received in 2014 for overpayments prior to 2014 are not reflected in box 1.
- IRS prohibits CalSTRS from changing any amounts from prior tax years.
- See the Gross Distribution (box 1) on the sample form.
- CalSTRS sends an acknowledgment letter for the total amount received in 2014 for prior year overpayment(s).
- You may be entitled to recover taxes you paid.
- Consult a tax professional to use the letter when filing your tax return.
- Read the Taxable and Nontaxable Income publication from the IRS for more details.
Why are insurance and court-ordered deductions not on Form 1099-R?
These deductions are not required by the IRS. Check your payment stubs for deduction details.
When to Contact CalSTRS
What do I do if I have not received my Form 1099-R in the mail or need a duplicate copy?
You may view and print your Form 1099-Rs for years 2001 through 2014 on myCalSTRS. Your 2014 1099-R will be available online by January 30, 2015.
In addition, you may contact CalSTRS by email, phone or letter to request duplicate Form 1099-Rs. All requests must include your:
- Client ID or last four digits of your Social Security number
- Requested tax year
- Benefit type (for example, Service Retirement)
- Mailing address
- Daytime phone number
Mail written requests to:
P.O. Box 15275, MS 8
Sacramento, CA 95851-0275
Please allow 10 to 15 working days to process your request.
What if my address is incorrect?
To ensure that you receive your Form 1099-R in a timely manner, please go to myCalSTRS and verify your address.
If your address on file is incorrect, you may update it by:
- Submitting an Address Change Request form.
- Contacting CalSTRS.
- Register for myCalSTRS to update your information.