Did you do any of the following with your Solo 401k in the last tax year:

If you did any of the above during the last tax year, you may be required to file a 1099-R with the IRS.

IRS form 1099-R is used to document anytime money leaves a retirement plan. Chances are, when you did the rollover from your old retirement plan to fund your Solo 401k, the releasing custodian created a 1099-R. In essence, the 1099-R creates a paper trail for the IRS to keep track of where retirement funds move from and to.

You’ll complete form 1099-R anytime you move money out of your Solo 401k. This might mean moving money to another retirement plan, such as an IRA, taking a required minimum distribution, a regular taxable withdrawal from the Solo 401k, or even completing an in-plan Roth conversion.

If you have an active Solo 401k plan, we'll file IRS form 1099-R for you to document a Roth conversion for assets held in your Nabers Group Solo 401k.

If you require a 1099-R to document a Required Minimum Distribution (RMD) or normal distribution from the Solo 401k, your CPA will assist you in filing the form.

You must submit your form by January 25th for the previous year's conversions (if you miss the Jan. 25th deadline, you will need to work with your CPA to complete the filing.

Prefer to submit the filing on your own with your CPA instead of using our 1099-R Generator? Read on for tips on filing.

As the plan administrator, you need to furnish a copy of the form to yourself by January 31st. The IRS needs a copy by March 1st (if you file by mail) or March 31st (if you e-file, which is highly recommended).

You cannot simply print and mail a pdf copy of form 1099-R to the IRS. Only official IRS forms ordered through the IRS website may be filed. Using a CPA or online filing service is the easiest method to ensure the form is filed and sent to the IRS on time.

IRS form 1099-R must be filed by January 31st. As the recipient, you’ll receive a copy of the form by this date. The IRS will expects their copy to be filed by February 28th, or e-filed by April 1st.

If using the 1099-R generator in your Solo401k.com app, you must submit your form by January 25th for the previous year's conversions (if you miss the Jan. 25th deadline, you will need to work with your CPA to complete the filing

If you use the 1099-R generator on Solo401k.com, the form will be filed for you.

Otherwise, there are different locations to file your 1099-R, depending on where your business and trust are located.

If your business and 401k trust are located in:

Alabama, Arizona, Arkansas, Delaware, Florida, Georgia, Kentucky, Maine, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Texas, Vermont, Virginia…

You’ll file your form at:

Department of the Treasury
Internal Revenue ServiceCenter
Austin, TX 73301

If your business and 401k trust are located in:

Alaska, Colorado, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming…

You’ll file your form at:

Department of the Treasury
Internal Revenue Service Center
PO Box 219256
Kansas City, MO 64121–9256

If your business and 401k trust are located in:

California, Connecticut, District of Columbia, Louisiana, Maryland, Pennsylvania, Rhode Island, West Virginia…

You’ll file your form at:

Department of the Treasury
Internal Revenue Service Center
Ogden, UT 84201

Helpful Forms, Links and Articles:

Disclaimer: These resources are provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Nabers Group LLC of any of the products, services or opinions of the corporation or organization or individual. Nabers Group LLC bears no responsibility for the accuracy, legality or content of the external party or for that of subsequent services.