1099-R Code F: Charitable Gift Annuity

Annuity payments you receive from a charity in exchange for a donated gift.

What the IRS instructions say

Official meaning, from the Instructions for Forms 1099-R and 5498 Payments from a charitable gift annuity.

Is it taxable, and does the 10 percent penalty apply?

Part taxable, part not. A charitable gift annuity pays you a fixed stream in return for your gift, and each payment splits into a tax-free return of your investment and a taxable part, figured with the annuity exclusion rules; Box 2a shows the taxable amount. There is no 10 percent early distribution penalty. Part of the original gift may also have qualified as a charitable deduction in the year you funded it.

Worth knowing: A charitable gift annuity is part gift, part income stream. Code F is about the income stream you receive back; the charitable deduction, if any, was a separate event when you set it up.

If this code looks wrong

The IRS matches Box 7 against your return, so start with the payer: request a corrected 1099-R, which is the IRS's standing instruction for incorrect forms. No corrected copy by the end of February? The IRS can contact the payer for you, and Form 4852 substitutes as a last resort. Remember that an indirect 60-day rollover is correctly coded 1 or 7, because the payer cannot see the redeposit; direct rollovers should show G or H, as our rollover guide explains before the paperwork ever gets cut.

← All 1099-R Box 7 codes

Sources: IRS Instructions for Forms 1099-R and 5498; IRS Tax Topics 558 (early distributions), 413 (rollovers), and 154 (incorrect forms). Verified July 2026.

General educational information, not tax advice. Your distribution's taxation depends on your facts; consult a qualified tax professional. ClearChoiceRadar is not affiliated with the IRS or any government agency.