@taxgal428 wrote:
thanks for all your help.
Last question - In 2020 I rolled over a ROTH IRA from Schwab to a ROTH IRA at Edward Jones, should I have received the 1099-R showing the rollover showing with a code G in box 7 and do I have to enter that anywhere on Form 8606 for ROTH IRA rollovers or do they consider it ROTH IRA conversion from one ROTH IRA to another ROTH IRA and would that appear on Form 8606?
A trustee-to-trustee transfer (not a rollover) where you never saw the money, does not generate a 1099-R but some financial institutions issue one anyway. No 8606 is involved for a change of trustee.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
