No it is NOT a distribution ... it is a trustee to trustee rollover and if both trustees are the same then a 1099-R is usually NOT issued. Sounds like you are consolidating 2 "CD IRAs" as the banks call them. Banks have the annoying habit of opening a new IRA account for each CD you invest in instead of adding a new contribution to the IRA you already have established. Personally I think the bank managers get a bonus based on "new accounts/IRAs" they "open" so they don't just let you add to the exhisting IRA account ... I have seen some of my clients with multiple IRA accounts all at the same bank each with their own CD in them which is a bunch of BS ... one IRA account can house mulitple CDs they do not need there own separate account. This would be like buying a new house for every piece of furniture you buy which is equally absurd. All you need is one IRA (house) to "house" all of your investments (furniture).
