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Retirement tax questions
1) Correct.
2) Nothing is reportable regarding the 4 IRAs that were moved by trustee-to-trustee transfer. These were not rollovers, they were simply transfers, similar to changing investments within your IRA since all IRA accounts are treated as one large IRA for tax purposes.
The code G Forms 1099-R are reporting direct rollovers from qualified retirement plans like a 401(k) and must be reported.
2) Nothing is reportable regarding the 4 IRAs that were moved by trustee-to-trustee transfer. These were not rollovers, they were simply transfers, similar to changing investments within your IRA since all IRA accounts are treated as one large IRA for tax purposes.
The code G Forms 1099-R are reporting direct rollovers from qualified retirement plans like a 401(k) and must be reported.
‎June 4, 2019
12:48 PM