My husband just clarified that ADP has the funds from the previous 401K, but it will not be deposited into his new 401K until it starts in June. His current employer told him not to cash the check since this new employer partners with ADP. So since the funds are held at ADP currently and will go directly into his 401K in a few months, should we not enter the 1099R when filing our taxes? Or still enter it, even though we're not cashing it out and it will go to his new 401K?
