This may not be an issue but just checking. I completed an electronic request with Fidelity to transfer my Transamerica traditional IRA to my Fidelity IRA (Traditional IRA) on 27 Sep. In the process, Transamerica requested I sign a document to terminate the IRA as part of the process. All seems to be going well because the cash position and the mutual funds and ETFs transferred via ACAT directly from Transamerica to Fidelity but the mutual funds all came over as whole number of shares. They appeared in my Fidelity as they should (the same mutual funds, etc) but as whole numbers of shares in each. The residual fractions of shares are still sitting in Transamerica but today (3 Oct) they were sold and appear as a cash position (not a huge sum). I was told (by Transamerica) that they would also transfer to Fidelity directly after a "sweep" and I don't need to do anything. I think Transamerica's terminate form had the "terminate the account and liquidate the assets" box checked on their form but they told me that is how they do it.
If the residual cash comes directly over to my Fidelity IRA in the next few days, am I ok as far as the transfer rules?
Transamerica also told me there won't be a 1099 R generated. I don't have to report this, right?
