Should I receive a 1099R for a direct rollover/distribution from one custodian to another custodian ??

Forum|Forum|7 years ago
June 3, 2019
2 replies
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dmertz

Level 15

Only if it was a direct rollover to or from a qualified retirement plan (401(a), 401(k), 403(b), 457(b), federal TSP or ESOP).

If you instead did a trustee-to-trustee transfer of a traditional IRA to another traditional IRA or of a Roth IRA to another Roth IRA, the transfer is neither a distribution nor a rollover, is not reportable, and you should receive no Form 1099-R.

SharonC1

Level 6

Yes, you should receive a 1099-R for an IRA rollover.

J9999

Level 3

From whom? The former custodian who sent the rollover, or the new custodian who received the rollover?

VolvoGirl

Level 15

From the first custodian sending the rollover.

Should I receive a 1099R for a direct rollover/distribution from one custodian to another custodian ??

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