jtax
Level 10

Retirement tax questions

[Edited 3/4/18]

As described in the comments below for a IRA to IRA transfer made directly by the financial institutions, you do not need to report it and should not receive a 1099-R]. Sorry for my confusion.

The following would apply only if you transferred between a qualified plan (e.g. 401k/403(b)) to an IRA.

You should have a 1099-R from the old account provider. It might be available on their website, otherwise call them. Frequently TT can import directly from the financial institution, but not always.

The 1099-R will have a code in box 7 that indicates it was a direct rollover and as such it will not be taxed. (Plus TT will ask if how much was rolledover)

See these instructions from the IRS on what do. Basically it says call the financial institution and if you can't get it from them, call a special IRS # to get a substitute (which assumes, i think, they filed a 1099 with the IRS and just didn't give it to you).

https://www.irs.gov/taxtopics/tc154

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