No. You must report it on your Tax return. The rollover amount will be on the 1040 line 4a and 4b. The taxable RMD on 4a and the rollover amount on 4b with the word "ROLLOVER" next to it. If not reported that way the entire 1099-R box 1 amount would be taxable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
