I moved all the money from my old Simple-IRA from institution-A to an existing IRA in institution-B in 2024; account closed. The 2-year rule for Simple-IRA was met. The two institutions handled it directly. Hence this is tax free event.
But I was expecting to receive a 1099-R (with box G checked):
Institution-A has since disabled my online access, so I contacted the local Rep/advisor assigned to me and he said that since this is a non-taxable event, no tax documents will be issued.
I researched online and have not been able to find a conclusive answer to my question: Does moving funds from a Simple-IRA to IRA between two institutions generate a 1099-R?
My understanding so far is that if the funds were TRANSFERRED between identical accounts, then no 1099 would be generated. However, "I am interpreting" that since these two accounts are not identical (Simple-IRA > IRA), then this is not a TRANSFER, rather considered a direct ROLLOVER and hence a 1099-R should be generated (with box G checked).
The end objective is to do my taxes correctly. I would appreciate your comments.
