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Deductions & credits
jdkeith, depending on the nature of this rollover, the IRS might question it, but you'll want to wait for the IRS to process your filed tax return before doing anything.
- What is the code in box 7 of this Form 1099-R?
- Is the IRA/SEP/SIMPLE box marked?
- Does box 2a contain a zero?
- Is box 2b Taxable amount not determined marked?
The reason that you never received a Form 1099-R for past "rollovers" is that they were likely not distributions and rollovers at all. Trustee-to-trustee transfers of IRAs where the funds are never paid to you in between are neither a distribution nor a rollover so they are not reportable.
‎February 5, 2021
10:37 AM