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Reporting a post-retirement death benefit payment
August 30, 2023
Q. Should a post-retirement death benefit payment be reported of Form 1099-R with code 4? Or on 1099-NEC?
A.
(Answered by IOFM's third-party tax experts)
Form 1099-R with distribution code 4.
Q.
I found the 1099-MISC/NEC instructions. “Death benefits from nonqualified deferred compensation plans or section 457 plans paid to the estate or beneficiary of a deceased employee are reportable on Form 1099-MISC. Do not report these death benefits on Form 1099-R. However, if the benefits are from a…
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