I transferred my IRA from one company to another, received a portfolio from each company but no 1099 form. How do I or do I show this information on my tax form.

hopiefflores · ‎June 4, 2019

There was a termination fee charged in 1st company and 2nd company did have some losses in my account.

macuser_22 · ‎June 4, 2019

A trustee-to-trustee transfer will not be reportable on a 1099-R or go on a tax return.

The Tax Cuts and Jobs Act (TCJA) eliminated the investment fees deductions for 2018-2025. Market losses within a retirement account are not reportable - there is simply less money in the account to pay tax on when withdrawn.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

macuser_22 · ‎June 4, 2019

A trustee-to-trustee transfer will not be reportable on a 1099-R or go on a tax return.

The Tax Cuts and Jobs Act (TCJA) eliminated the investment fees deductions for 2018-2025. Market losses within a retirement account are not reportable - there is simply less money in the account to pay tax on when withdrawn.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I transferred my IRA from one company to another, received a portfolio from each company but no 1099 form. How do I or do I show this information on my tax form.