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View as a web page.
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February 2023
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ANNUITY NEWSLETTER
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Your Talcott Resolution annuity clients should have received an IRS Form 1099-R if a reportable event occurred on their account during the 2022 calendar year. Reportable events include taxable distributions, contract owner changes, and collateral assignments. The forms were mailed in January 2023 and, if applicable, should have been received in February 2023.
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If a client did not receive a Form 1099-R, there could be a number of reasons why, including:
- They may not have taken any taxable distributions in the 2022 tax year.
- If the account is a Charitable Remainder Trust (CRT), the tax reporting on a CRT is ultimately the responsibility of the trustee. No tax reporting is done by Talcott Resolution.
- If the account is Custodially owned, the tax reporting for a custodial account is the responsibility of the custodian.
- A Form 1099-R is not issued for IRA to IRA Direct Transfers.
- A Form 1099-R is not issued by Talcott Resolution for 401(k), 401(a), 457, group 403(b), Keogh, HR-10, profit sharing, or defined benefit plan types of accounts. It is the responsibility of the plan administrator to do the tax reporting.
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To view your clients’ 2022 1099-Rs, log into the Annuity Service Center and go to “My Clients,” and select the contract number that corresponds with the form you would like to view. Then, select “Online Documents,” and click the “Go” button under “Form 1099-R.” From this point, you can print the form for your records.
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