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Get your taxes done using TurboTax
I received the corrected 1099-R from the old custodian. Zero dollar amounts in box 1 and 2a. Everything else the same (2b checked, 2a box "total distribution" checked, box 4 zero(as before), box 7 code 4, IRA/SEP/Simple checked. Turbo tax accepted all that (with no tax effect as you'd expect with zero $,) so hopefully the IRS will too.
If they inquire I have the original instructions to the old custodian indicating a custodian-2-custodian transfer & giving the new custodian and account info plus the new custodian statements showing how the Beneficiary IRA is defined and the $ amount deposited which equals the amount in the first 1099-R.
Thanks for your help!
‎February 26, 2022
1:17 PM