@VB58 wrote:
I recently notified the IRS that I did not receive a 1099R for a direct rollover from a litigation class action suit. They sent out a request to send me one, but I will not be receiving anything from them. I am trying to fill out a Substitue 1099R in Turbo Tax and it is telling me that I need to provide a Payer's Federal Identification Number. How do I get passed this error if I do not have one and Form 4852 states only if known?
Also is there a way to upload supporting documentation into Turbo Tax to support Form 4852?
Did you receive the money and deposit it into the retirement account. How was it reported to you?
If the money was deposited into your retirement account directly as in internal transaction then a 1099-R would not be necessary.
1099-R's report distributions from your account, not money to your account. It would not be a rollover if you do not remove the money and then return it.
Settlements payable to your retirement account should just be given to the account trustee to be deposed into the account. Nothing need be reported by you.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
