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Retirement tax questions
To further clarify:
1. The original financial institution issued a 1099R for the entire amount in the IRA when it was transferred (peer to peer) to Vanguard.
2. Vanguard issued 1099R for the subsequent distributions taken later in the year, after they had received the inherited IRA.
I was expecting the 1099R from Vanguard for the distributions. I did not expect the 1099R from the original institution for the full amount that they transferred to Vanguard.
‎February 17, 2021
5:08 PM