On these transactions, the underlying asset account will be the total amount distributed to the taxpayer.

IRA DISTRIBUTIONS-- Amount distributed from an Individual Retirement Arrangement (IRA), Simplified Employee Pension (SEP), or Deductible Voluntary Employee Contribution (DEC). May be includible in recipient's current income. Total does not include any amounts paid for IRA insurance protection. The underlying asset account is the plan generating the income. The money field is positive.

EMPLOYEE CONTRIBUTIONS--Employee contributions made to a profit sharing or retirement plan, or insurance premiums. This is the amount actually contributed by employee over years under the retirement or profit-sharing plans plus any employer-contributed amounts considered to have been contributed by the employer. This is also the accumulated cost of premiums paid for life insurance protection, taxable to the employee in previous years and in the current year and premiums paid on commercial annuities.

ORDINARY INCOME and CAPITAL GAIN--Upon retirement an allocation of the taxable portion of a lump-sum distribution between long-term capital gain and ordinary income is made on. the basis of the number of employee's months of plan participation before 1974 and after 1973. A lump-sum distribution is a payment of the entire balance to the credit of a participant in a qualified plan within one taxable year of the participant. A 1099-R is issued by the payer of the lump-sum distribution to show the allocation between capital gain and ordinary income. Money field is positive.

GROSS INCOME--Total of ordinary income and capital gain distributed.

UNREALIZED APPRECIATION--Net unrealized appreciation in employer's securities. In a trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of his employees or their beneficiaries, if a distribution includes securities of the employer corporation (or a subsidiary of the parent corporation) and the net unrealized appreciation in the employer's securities can be computed, it would be reported on the Form 1099-R. Money field is positive.

OTHER INCOME--Payers whose distribution includes items not covered by any other entries on Form 1099-R and information to employees or beneficiaries is desired would report it as other income. (For example the current actuarial value of an annuity contract that is a part of a lump-sum distribution or the value of US retirement bonds that may be distributed to employees or beneficiaries.)