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Retirement tax questions
Let me make sure I understand your answer. We have 4 IRAs at 4 different financial institutions. We wanted to consolidate them in one new location (as retirees, we have different needs than when we were younger). All four sent the corpus of its IRA to the new single institution. I did not get any "Rollover" 1099-R (marked "G") from any of the 4. My understanding of your response related to the Rollovers is that no 1099-R is required for each of the 4 institutions. My question is 1) am I correct above and 2) The R/Os for which I got a 1099-R "G" require that the R/O amount be included on our Tx Rt as non-taxable. Do we have to calculate the amount "R/O" from these 4 institutions that did NOT send a 1099-R "G" and include it on our Tx Rt as if one were sent? I know the 4 institutions do not have to create 1099-R "G" but do we have to address it someway on our return? Thanks.
‎June 4, 2019
12:48 PM