Understanding Form 1099-R
Form 1099-R is a record of all reportable distributions, including qualified distributions, premature distributions and rollovers, taken from your Bank of New York Mellon Custodial retirement plan account. This information is reported to the Internal Revenue Service (IRS). If you have more than one retirement plan account with a taxable distribution in our family of funds, you will receive one consolidated Form 1099-R. If you have more than one type of retirement account with us (a traditional IRA and a Roth IRA, for example), you will receive separate Forms 1099-R for distributions from each type of account.
All reportable distributions for 2015 must be reported on your federal personal income tax return. State and local income taxes differ from state to state. You should consult your tax advisor regarding the reporting of retirement account distributions on your state and local income tax returns.
A - FUND'S MAILING ADDRESS
B - RECIPIENT'S NAME & ADDRESS
Your registration and mailing address. You are the recipient as owner of the account(s) listed on this form.
C - RECIPIENT'S IDENTIFICATION NUMBER
The number under which the distribution amounts have been reported to the IRS. For individuals this is your Social Security Number, which has been masked on both paper forms and electronic forms available behind the secure log-in on Dreyfus.com. Employer Identification Numbers have also been masked.
D - PAYER'S NAME
E - PAYER'S FEDERAL TAXPAYER IDENTIFICATION NUMBER
F - FUND CODE & ACCOUNT NUMBER
The fund code of the fund and the account number from which the distributions were made.
Box 1. GROSS DISTRIBUTION
Total amount of any distributions taken from your retirement account during 2015.
2a. TAXABLE AMOUNT
The taxable portion of your retirement account distributions.
See Form 1040 instructions for line 15a and 15b on how to enter this on your tax return. If you have previously made one or more nondeductible contributions to your traditional IRA account(s), please refer to the Frequently Asked Questions section for further information.
Box 2b. TAXABLE AMOUNT NOT DETERMINED
If this box is checked, the taxable amount of your distribution has not been determined.
Box 2b. TOTAL DISTRIBUTION
If this box is checked, the full balance of the retirement account was distributed to you during 2015. There is no share balance left.
Box 4. FEDERAL INCOME TAX WITHHELD
The amount of federal income tax that was withheld from any distribution. This amount is considered a prepayment of your federal personal income tax.
Should be entered on Form 1040, Page 2, Line 64.
Box 7. DISTRIBUTION CODE
The distribution code indicates the type of distribution you received. A list of the distribution codes and their corresponding meanings can be found on the reverse side of your Form 1099-R.
G - IRA/SEP/SIMPLE
If this box is checked, the distribution was taken from an IRA, SEP IRA or SIMPLE IRA account.
Box 12. STATE TAX WITHHELD
The amount of state tax withheld from any distribution. This amount is considered a prepayment of your state personal income tax.
Box 13. STATE/PAYER'S STATE NO.
Shows state and state identification number to which taxes were paid.