My Bank incorrectly issued a 1099-R for a trustee-to-trustee transfer. They designated it as "Normal Distribution" with all monies be taxable. They have since issued a corrected 1099-R (basically a lot of "XXX"). Since a transfer is not reportable to the IRS, do I need to include any of this information on my tax form?
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You have to report the corrected 1099-R on your tax return. You do not enter the erroneous form. If it was a trustee-to-trustee rollover, it will not be taxable.
You have to report the corrected 1099-R on your tax return. You do not enter the erroneous form. If it was a trustee-to-trustee rollover, it will not be taxable.
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