Nothing happens except that you get a 1099-R form declaring the entire account as income.

FORBES: Conversion Time

The declaration also explains how Northwestern calculated the figures on the Form 1099-R.

FORBES: Northwestern Whole Life Policy Creates Tax Disaster - Again

Prudential issued to Mr. Ledger a Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

FORBES: Phantom Income From Life Insurance

When Mr. Bakken turned 50 in 1987, he began receiving form 1099-R.

FORBES: Random Round-up

Topping my list of most frequent mistaken mismatches this year is Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

FORBES: IRS Notices & Letters: It's Stop the Machine Time Again

Your Form 1099-R, which you receive from your IRA custodian, will not reflect anything other than a distribution, so you will need to make the adjustment on your tax return, deducting the amount that was distributed to the charity from the taxable IRA distribution amount (line 15b on your Form 1040).

FORBES: Last Chance for Making Charitable Contributions From Your IRA?

Now it's shifting its attention to the lower end: the company just refreshed its mainstream Inspiron R line with optional touchscreens and a slimmed-down form factor.

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