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Financial Planning / Tax Strategies
|Subject: Re: 1099R for a Transfer?||Date: 2/28/2013 2:58 PM|
|Author: TMFPMarti||Number: 117902 of 122520|
1. Is this a rollover requiring issuance of a 1099R, or is it a trustee to trustee transfer for which NO reporting is required?
Anytime an employer plan is involved a 1099-R is required. The only time a transfer doesn't require a 1099-R is when you do a direct transfer from one IRA custodian to another.
Expanding on Peter's response, you need to make sure this was a tax-free rollover. If it was you simply report it as such on line 15 of your 1040.
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