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ashleyperez08151

Level 1

Question

I transferred money from a 401K to a traditional IRA, then withdrew those funds. Should I have 2 1099R forms?

Forum|Forum|7 years ago
June 6, 2019
1 reply
1 view

No text available

TurboTax Free Edition Online

Level 7

Yes. Form 1099-R is used to report the distribution (including rollovers) of retirement benefits such as pensions, annuities or other retirement plans. Presumably, you would receive one Form 1099-R related to the rollover (transfer) and one Form 1099-R related to the distribution (withdrawal). Each of these transactions would be identified on Box 7. Please review the following link(s) and the link(s) embedded on the webpage(s) for more information: