1099 Forms › Form 1099-R Changes for the 2026 Tax Year

At a Glance
For the 2026 tax year, the IRS is adding two new boxes to Form 1099-R: box 7c (Trump Account checkbox) and box 7d (Earnings on Excess Contributions). Box 7c is checked when the distribution is from a Trump account, and box 7d breaks out the earnings on distributed excess Trump account contributions that are already included in the box 1 gross distribution.

IRS Updates: Explaining Form 1099-R Changes for Processing Year 2027

The IRS recommends e-filing Form 1099 for quicker processing. Get started with an that supports e-filing 1099 Forms with Federal and State agencies. BoomTax will distribute your form copies via Postal Mail and Online Access.

For the 2026 tax year, Form 1099-R gains two new boxes for distributions from Trump accounts. Plan administrators and payers completing the form for 2026 distributions will need to identify Trump account distributions and, where applicable, the earnings on distributed excess contributions.

New Box 7c: Trump Account Checkbox

Enter an “X” in the box 7c checkbox if the distribution is from a Trump account. The checkbox sits alongside the existing box 7 distribution code(s) and the IRA/SEP/SIMPLE checkbox, flagging the account type for the recipient and the IRS.

New Box 7d: Earnings on Excess Contributions

Box 7d reports the total earnings on the amount of excess contributions distributed from a Trump account that is entered in box 1. The rules for completing it:

  • The distributed excess contributions and their earnings remain part of the box 1 gross distribution — box 7d identifies the earnings portion, it is not a separate payment.
  • Enter -0- (zero) if there are losses on the amount of excess contributions distributed from a Trump account that is entered in box 1.

The 1099-R covers the distribution side of Trump accounts only. The contribution side is reported by account trustees on the new Form 5498-TA, which also debuts for the 2026 tax year.

Filing the New Boxes Electronically

BoomTax supports the new boxes across every intake method — manual entry, spreadsheet import, and bulk file upload — and files Form 1099-R through the IRS IRIS system. Trustees handling the contribution side can also e-file Form 5498-TA online through IRIS, the only filing channel that form supports.

If your systems generate legacy FIRE 1220 flat files, note that the IRS is not maintaining the 1220 format going forward, so boxes 7c and 7d have no official 1220 positions. BoomTax publishes an extended 1220 layout for 1099-R boxes 7c and 7d so flat-file processes can carry the new data without a rewrite.

What are the 1099 Deadlines for 2026?

  • February 2nd, 2026
    Recipient Copies

    Form 1099 & W-2G must be distributed to the recipient on or before February 2nd

  • March 2nd, 2026
    Paper Filing

    Paper filing must be filed with the IRS
    on or before March 2nd

  • March 31st, 2026
    E-File

    Form 1099 & W-2G must be e-filed directly to the IRS on or before March 31st

Visit our deadlines article to learn more about Form 1099 & W-2G due dates.

Note: If the filing deadline lands on a Saturday, Sunday, or legal holiday, the due date will automatically be extended to the following business day.

The exception to these deadlines above is for filing Form 1099-NEC. Depending on the filing method, there is a month's advancement on the recipient and IRS copies being January 31st. Get started with BoomTax and file your 1099 with the IRS, state, and mail recipient copies on time.

If you find errors after filing your 1099 return with the IRS, promptly correct the information and submit the corrected Form 1099 and our 1096 guide to the IRS. Also, provide your recipient with an updated 1099 showing the updated details. If you need to correct any state or local tax department information, file the form with the appropriate agencies, not the IRS.

What are the different Form 1099 Copies?

Each Form 1099 has four different copies with their specific purpose:

Copy A

IRS copy for paper filing.

Copy 1

Filed with the State Tax Department.

Copy B

Recipient copy.

Copy 2

Recipient state, city, or local income tax return.

Note: Copy C has been removed from multiple 1099 form types.

Get started with , and file your 1099 tax forms with federal/state and mail recipient copies from one place. BoomTax will never remove past years' filings, and you can continue to make corrections at any time, no matter the year. File my Now!

BoomTax is an IRS-authorized provider specializing in business tax forms, including the 1099 Form series, ACA forms, W2 forms, and more. By choosing to , you'll enjoy a range of unique features that ensure a simple, secure, and accurate filing experience.

Michaela Porterfield
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Michaela Porterfield
Content Writer at BoomTax
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Dedicated to simplifying complex IRS regulations for employers, with expertise in ACA, 1099, and W-2 compliance.

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