rjs
Level 15
Level 15

Retirement tax questions

@jasper13 

In your original question you said you "took out the distribution myself." Now you say it was "transfer to a Fidelity IRA account by the bank." So which is it? Did the money pass through your hands, or was it a direct trustee to trustee transfer? If it was a direct trustee to trustee transfer then, as pk said, it does not have to be reported and you do not need a 1099-R. But if you took the money out of the old IRA and sent it to Fidelity yourself, the bank should have sent you a 1099-R.