In 2023, my friend moved traditional IRA money (CD matured) from bank ABC to XYZ. Bank ABC wrote her a check with "her name and FBO XYZ bank." Bank ABC sent her a 1099-R with code "7" in box 7. Should Bank ABC not have sent her the 1099-R? Now Bank ABC should correct the 1099-R and put code "G" in box 7? My friend did not receive any form from bank XYZ. Should she?
Thank you very much!
