Hi! We rolled over an IRA from a bank to Fidelity. We rolled over the entire amount, and there were no extenuating circumstances. The bank insisted on giving us a check for the rollover distribution; we deposited the check into Fidelity within the 60 day window. The 1099-R from the bank lists this as a "normal distribution" in box 7 (the first code). This wasn't a direct rollover since we carried the check from one institution to another. However, I can't figure out what the second code in box 7 should be. How do you code for a rollover from one institution to an other when you received a check? Can anyone help? Thank you!
There is no second code for that.
Just enter the 1099-R and say you "moved" the money to another account and then rolled over the entire amount.