IRS Releases Draft 2026 Tax Year IRA and Retirement Plan Distribution Reporting Form

The Internal Revenue Service (IRS) has posted a draft 2026 tax year Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Form 1099-R is filed by financial organizations and service providers to report distributions from tax-qualified retirement savings arrangements to account owners and the IRS. Of note, a new box 7c has been added to report a Trump account distribution. Additionally, new box 7d has been added to report earnings attributable to applicable distributed excess contributions made to a Trump account.