Hello All,
If you receive a gross distribution check (representing the interest earned while a custodian processes a retirement distribution rollover), do you report this as an early retirement distribution?
My custodian said that they wouldn't be able to rollover these check amounts and I might as well just cash the checks (given they were smaller in nature, i.e. <$30) and pay the tax, but I didn't receive any 1099 specifically related to these checks (only received 1099s for the aggregate rollover amounts prior to receiving the interest checks). Therefore, I wasn't sure how to account for these in TurboTax to accurately report.
Thanks in advance for your time and assistance!
