You'll need to sign in or create an account to connect with an expert.
Yes ... you will get a 1099-R in January which must be reported even if it was a direct rollover to another retirement account. Failure to report it will get you an IRS love letter in a couple of years (with penalty & interest included making it very scary) that you will have to deal with ... so file the form correctly to begin with and enjoy your life.
You didn't say when you rolled it over. You report it on your tax return for the year that you did the rollover.
You also have to answer Yes to the question "Did you acquire, sell, exchange, or dispose of any virtual currency?"
If you received the money first, did you roll it over within 60 days?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mjmoor60
New Member
yitalia
New Member
5351ea506cfa
New Member
sgeremia
New Member
poppi5070
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.