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lamxdinh
New Member

401K roller

Good afternoon,

  In 2021 I rollovered my 401K from Securiguard to IRA.

  However, I received 1099R but I didn't receive IRA form showing my contribution ? How I file in the tax return ?

 

Best,

Lam

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2 Replies

401K roller

A rollover is not an IRA contribution.

JillS56
Expert Alumni

401K roller

You will receive a 1099-R for a rollover.   The Code in box 7 should be a G.   With that said, if you move money from a traditional IRA to a Roth, then that is a taxable event and you will receive a 1099-R with a 7 (normal distribution) in Box 7.    

 

If you have not received a 1099-R for a rollover, you should contact the financial advisor who handles your IRA.   Whoever your IRA account is with is who you should provide you with the 1099-R.  

 

@DoninGA stated that a rollover is not a contribution.   There is a difference between a rollover a contribution.   A rollover is when you take funds from one IRA account and move them to another IRA account without taking a distribution.   A contribution is when you take your money and give it to a financial advisor to put into an IRA.   A rollover you do get a 1099-R with Code G and will not get a 1099-R with a contribution.   A 1099-R is given when funds are distributed or when you rollover.    Should you move funds from a traditional IRA to a Roth IRA this is considered a distribution and does result in a 1099-R.  

 

 

@lamxdinh

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