347069
You'll need to sign in or create an account to connect with an expert.
If the "transfer" was to an IRA account of the same type (traditional or Roth) at the brokerage, it is indeed a nonreportable transfer, neither a distribution nor a rollover.
If the money was moved to an account that was not an IRA or some other qualified retirement account, it was a distribution from the IRA at the credit union, not a transfer. In that case you must inform the credit union of their error in treating this as a transfer and they should provide you with a 2016 Form 1099-R reporting this distribution.
If the "transfer" was to an IRA account of the same type (traditional or Roth) at the brokerage, it is indeed a nonreportable transfer, neither a distribution nor a rollover.
If the money was moved to an account that was not an IRA or some other qualified retirement account, it was a distribution from the IRA at the credit union, not a transfer. In that case you must inform the credit union of their error in treating this as a transfer and they should provide you with a 2016 Form 1099-R reporting this distribution.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
julie9kids
New Member
prettytwin32
New Member
chandlerfour
New Member
ProfDude
Level 1
kperez1016
New Member