DavidD66
Employee Tax Expert

Retirement tax questions

Yes, you will need to report it on your tax return, even if it was a trustee to trustee transfer.  A trustee-to-trustee transfer of an IRA is a tax-free transaction.  Although these type of transfers are not subject to tax withholding, they will be reported to you on Form 1099-R  The total amount of the transfer will be in box 1. Box 2a - the taxable should be zero.

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