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posted Jun 4, 2019 4:08:50 PM

I did a direct Rollover of my 401K into an IRA once I left my last company. I only recieved a 5498 form but no 1099-R? Do i need the 1099-R to enter information?

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1 Best answer
Level 15
Jun 4, 2019 4:08:56 PM

If this was truly a 401(k) plan, the 401(k) plan was required to provide you with a Form 1099-R that you need to enter into TurboTax to report the direct rollover.  Contact the plan administrator to obtain the form.

If the employer plan was instead a SEP-IRA plan or a SIMPLE IRA plan, a trustee-to-trustee transfer is not reportable and the IRA custodian would not provide you with a From 1099-R.

1 Replies
Level 15
Jun 4, 2019 4:08:56 PM

If this was truly a 401(k) plan, the 401(k) plan was required to provide you with a Form 1099-R that you need to enter into TurboTax to report the direct rollover.  Contact the plan administrator to obtain the form.

If the employer plan was instead a SEP-IRA plan or a SIMPLE IRA plan, a trustee-to-trustee transfer is not reportable and the IRA custodian would not provide you with a From 1099-R.