I retired in 2018. I chose the lump sum retirement which was deposited into my IRA directly. I received form 5498 documenting the move but no 1099r. Is that correct?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
I retired in 2018. I chose the lump sum retirement which was deposited into my IRA directly. I received form 5498 documenting the move but no 1099r. Is that correct?
I retired in 2018. I chose the lump sum retirement which was deposited into my IRA directly. I received form 5498 documenting the move but no 1099r. Is that correct?
In this scenario, I would think you would receive a 1099-R for the lump sum amount with a Code "G" in Box 7 to denote a rollover to your IRA. You may want to check with your old company's plan administrator to see if there was one issued.
I retired in 2018. I chose the lump sum retirement which was deposited into my IRA directly. I received form 5498 documenting the move but no 1099r. Is that correct?
In this scenario, I would think you would receive a 1099-R for the lump sum amount with a Code "G" in Box 7 to denote a rollover to your IRA. You may want to check with your old company's plan administrator to see if there was one issued.
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.