The amounts shown on Forms 1099, 1098-Q, and 5498 will be reported to the Internal Revenue Service (IRS). In general, these forms contain dividend, distribution, sale/exchange and account value information related to your client's annuity contract.
Download the federal tax forms available below, or go to www.irs.gov for more specific information. Your clients should consult with their tax or legal advisors regarding their specific situation.
|Type of Communication/Title of Form||Email Form||Purpose||Mailed|
IRS Form 1099-R
Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
|Reports distributions from retirement or profit-sharing plans, any IRA, insurance contracts, and IRA recharacterizations.
IRS Form 1098-Q
Qualifying Longevity Annuity Contract Information
|Reports contributions (including rollovers) to any qualifying longevity annuity contract (QLAC), including total premiums through the end of the calendar year, fair market value (FMV) of the account, and annuity payment amount and start date (if applicable).
IRS Form 5498
IRA Contribution Information
|Reports contributions (including rollovers) to any individual retirement arrangements (IRA) including a SEP, SIMPLE, and Roth IRA, Roth conversions, IRA recharacterizations, and the fair market value (FMV) of the account.
Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Unless otherwise noted, all aforementioned money managers, their distributors, and affiliates are unaffiliated with Pacific Life and Pacific Select Distributors, LLC.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products can be issued in all states, except New York, by Pacific Life Insurance Company or Pacific Life & Annuity Company. In New York, insurance products are only issued by Pacific Life & Annuity Company. Product/material availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.
Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company.
The home office for Pacific Life & Annuity Company is located in Phoenix, Arizona. The home office for Pacific Life Insurance Company is located in Omaha, Nebraska.
No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency
For financial professional use only. Not for use with the public.