IRA Owner & Distributions (1099R)

Answered by:

Question:

An IRA owner (now deceased) and beneficiaries all received 1099R with a code 4 in box 7. The IRA owner did not receive any distributions. Is this correct?

Answer:

Beneficiaries
If you make a distribution to a beneficiary, trust, or estate, prepare Form 1099-R using the name and TIN of the beneficiary, trust, or estate, not that of the decedent. If there are multiple beneficiaries, report on each Form 1099-R only the amount paid to the beneficiary whose name appears on the Form 1099-R, and enter the percentage in box 9a, if applicable.