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IRA 60 day rollover
My one bank closed out my regular IRA sent me a check withholding 10% for taxes in 2024. The following week I opened another IRA at another bank. I deposited the check plus the 10% withheld. I will get a 1099 from the first bank showing the total amount and the 10% withheld. I also made a RMD from another bank for 2024. How do I show all of these transactions on my 8606 form. Also will I get a 1099 from the bank the money was rolled over to saying it was a rollover. I know now it would have been simpler to do a direct transfer, live and learn
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‎February 7, 2025
5:12 PM