Didn't get a Form 1099-R so I'm creating my own Form 1099-R

[jasper13]

I transferred a CD to another bank and took out the distribution myself. On the 1099-R who is the Payer in this case?

[pk]

@jasper13 , I am missing something here.  If you are talking about  Certificate of Deposit  ( CD) , then it generally earns interest  ( reported on 1099-INT ) -- generally nothing to do with  IRAs,  401s , annuity, pension etc. ( those  are the ones reported on 1099-R).  Also 1099-R distributions  have aged based penalties ( these are meant to be  retirement savings/benefits ).

What did you actually do or  are trying to do ?

[rjs]

I don't understand what you did, but you can't make up a fake 1099-R that wasn't issued and filed with the IRS by a financial institution.

[jasper13]

the CD was held in an IRA account. This CD was cashed out and transfer to a Fidelity IRA account by the bank.

[pk]

@jasper13  if nothing went through your hands, i.e. it was admin/Bank  to  Admin, then there is no need to recognize the transfer  (often  this  results in 1099-R with code G -- non-taxable  "distribution" ).

Does this make sense ?

[rjs]

@jasper13 

In your original question you said you "took out the distribution myself." Now you say it was "transfer to a Fidelity IRA account by the bank." So which is it? Did the money pass through your hands, or was it a direct trustee to trustee transfer? If it was a direct trustee to trustee transfer then, as pk said, it does not have to be reported and you do not need a 1099-R. But if you took the money out of the old IRA and sent it to Fidelity yourself, the bank should have sent you a 1099-R.

[jasper13]

This was a direct trustee to trustee transfer. The bank who held the money on Dec 31, 2023, did not take out my RMD before transferring it to the receiving entity. Therefore there was no 1099 R from the first bank.

To fulfill my RMD for 2023 I withdrew the the RMD from the receiving entity myself. My question is, do I need to get a substitute 1099 R for this withdrawal?

[rjs]

If I understand correctly, you took your 2023 RMD in 2024. If that's true, it has to be reported on your 2024 tax return, even though it's for 2023. You report any distribution from an IRA in the year that the distribution is actually made. You should also have taken your 2024 RMD in 2024. You should have gotten a 1099-R from Fidelity for the total that you took out in 2024: the 2023 RMD plus the 2024 RMD. You need a standard 1099-R, not a substitute 1099-R. If you didn't get the 1099-R in the mail, you should be able to download it from your account on the Fidelity web site. (If I understand correctly, "the receiving entity" is Fidelity, or your IRA at Fidelity.) Call Fidelity if you need help downloading the 1099-R, or you can ask them to mail you a copy.