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How to record a direct rollover from a Fidelity profit sharing plan to a Fidelity rollover IRA
Following TT instructions I use Form 1099-R to show the distribution as non-taxable income. The distribution code of "G" seems to be the only indication that the funds were directly rolled over to an IRA. Is that all that I should be doing here. No need to identify the IRA where the funds were transferred to? Isn't the IRS going to question the large non-taxable jump in income?
March 21, 2022
1:23 PM