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Retirement tax questions
Nothing amount the rollover is reportable on Form 8606.
Form 8606 is involved only if you have basis in nondeductible traditional IRA contributions. If so, the taxable amount of the RMD will be calculated on Part I.
"will I get a 1099 from the bank the money was rolled over to saying it was a rollover."
No. You'll eventually receive a Form 5498 showing receipt of a rollover.
Enter each Form 1099-R you receive and indicate w)hat you did with that particular distribution (i.e., the distribution was rolled over or the distribution satisfied your RMD).
‎February 7, 2025
7:09 PM