- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Yes, normally you will receive a 1099-R with an amount in box 1 for Gross distribution and box 2a Taxable amount as 00.00.
The rollover transaction isn't taxable, unless the rollover is to a Roth IRA, but the IRS requires that account owners report this on their federal tax return. In IRA-to-IRA transfers, the trustee from one plan sends the rollover amount to the trustee from the other plan.
follow this link for more information-
Do I Need to Report the Transfer or Rollover of an IRA or ...
March 1, 2021
2:55 PM