My wife and I directly rolled over all existing IRAs (both Roth
& Traditional) from multiple financial institutions to single corresponding
Roth & Traditional annuities for each of us which included us rolling our
respective 401Ks into the traditional pots. We have only received 1099-Rs
from the 401Ks direct rollovers. Entering the 1099s as guided in TurboTax
puts these funds into "income" (though not taxable). Why is that? No
distribution was taken.
Also,
have received nothing from the other financial institutions. No 1099-R nor
5498. I called one, my credit union, where I had a traditional IRA CD and
they said since it was direct institution to institution transfer rollover (by
a physical check FBO) that no 1099-R or other documentation was required.
The others were all from Fidelity. Where does this leave us regarding any
reporting requirements?
Lastly, my wife's
former employer which she left Dec 31, 2017, made retroactive 401K
contributions, posting in May 2018, 4 months after we took action in Feb 2018, to
consolidate. We thought that closed the account. Not so "total"
a distribution now, it appears. Again, no documentation. How should we
handle this?
