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Retirement tax questions
If you're transferring to another IRA, then there's no need for you to "touch" the money. If you touch it, then fedality is required to withhold taxes on the distribution. If you do a direct trustee to trustee transfer then no taxes are withheld, no 1099-R is issued, and you don't have to report anything concerning the transfer on your tax return.
‎June 4, 2019
6:57 PM