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I got a 1099-R because of an IRA direct rollover, questions about reporting it?
As mentioned, I got an 1099-R because IRA money was directly rolled over into another qualified plan. Here is why I am confused about reporting it.
Box 1 says a gross distribution amount
Box 2a NO taxable amount its blank
Then I Just saw this on the side of form:
the instructions say "Report this on Federal (income) IF box 4 shows federal income with held.
My box 4 is blank.
No other taxes were withheld either.
So why was I ever given this 1099-R if I am not even suppose to report it on Federal State or City tax as income. Again it was a rollover, I didn't cash any money out? Can someone please expain?
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‎February 25, 2022
4:38 PM