BillM223
Expert Alumni

Get your taxes done using TurboTax

A trustee-to-trustee transfer of assets from a 401(k) plan to an IRA normally does not need a 1099-R, and most 401 administrators won't issue a 1099-R even of you ask. That's OK, because the IRS doesn't ant to know about tax-free transfers like this.

 

On a year-to-year basis, you don't normally report IRA accounts on your tax return, unless you are putting money into the IRA or withdrawing money from the IRA (the latter will generate a 1099-R).

 

So did you make any contributions to or take any distributions from these two IRAs? If not you probably won't be getting any paperwork, except for a 5498, which you don't enter into TurboTax anyway.

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