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mistymay0
New Member

I took out 1300.00 from an Ira and put it in another bank the same day. I reported the 1099r form. When asked how much I invested in 2017 Ira do I include the 1300

 
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1 Reply
Carl
Level 15

I took out 1300.00 from an Ira and put it in another bank the same day. I reported the 1099r form. When asked how much I invested in 2017 Ira do I include the 1300

No. All you did was transfer the money which was originally invested in prior years. What's the code in box 7 of your 1099-R? That basically tells the story.

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