TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Solved

1099-R Needed for direct rollover?

1 reply
40 views

I closed a traditional IRA and a Roth IRA at Wells Fargo in 2024, with direct rollover of funds to the same types of accounts at another institution. Wells Fargo refuses to give me 1099-R forms for the distributions. Should I create substitute 1099-R forms in Turbo Tax or ignore the distributions on my 2024 1040?

Level 15

Expert Reviewed

If you have moved assets directly from one of your IRAs to another IRA, this is considered a direct transfer. Direct transfers are not reported—either to you or to the IRS—and you do not have to account for them on your annual tax return.

Mike9241

Answer

Level 15

Expert Reviewed

If you have moved assets directly from one of your IRAs to another IRA, this is considered a direct transfer. Direct transfers are not reported—either to you or to the IRS—and you do not have to account for them on your annual tax return.

Mike9241