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jama53
New Member

Do I have to show a transfer from one IRA to another iRA?

 
1 Best answer

Accepted Solutions
macuser_22
Level 15

Do I have to show a transfer from one IRA to another iRA?

Did you receive a 1099-R?

Trustee-to-trustee transfers from one account to another where you never see the money are normally not reportable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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5 Replies
jama53
New Member

Do I have to show a transfer from one IRA to another iRA?

NO - I did not receive a 1099-R only an IRS  Form 5498 from the new IRA account showing the Fair Market Value. I get a monthly statement from the new account showing activity. And it showed the amount transferred on that statement.
jama53
New Member

Do I have to show a transfer from one IRA to another iRA?

So I do not need to worry about adding anything in to my taxes?
macuser_22
Level 15

Do I have to show a transfer from one IRA to another iRA?

Nothing to report.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
jama53
New Member

Do I have to show a transfer from one IRA to another iRA?

Thank you
macuser_22
Level 15

Do I have to show a transfer from one IRA to another iRA?

Did you receive a 1099-R?

Trustee-to-trustee transfers from one account to another where you never see the money are normally not reportable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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