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Retirement tax questions
Are you saying that you did or did not receive a 1099-R? If you did receive a 1099-R, you must enter it on your tax return or the IRS will wonder what happened to it (the IRS has already gotten a copy of it)
Often (even usually), a company does not issue a 1099-R for a rollover, since it is not a taxable event.
If I am not mistaken, TurboTax in the 1099-R interview said "to an IRA or other retirement account". If the second company says that the annuity is a retirement account (it might not be), then this is an "other retirement account" in the phrase above.
Check that box (or circle) and the amount of the distribution will be removed from your taxable income.
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‎February 3, 2025
9:05 AM