TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

IRA Rollover

Forum|Forum|3 years ago
February 21, 2023
1 reply
0 views

I took a MRD from my IRA account at Bank of Texas for 2022 then I rolled the entire remaining balance into an IRA account at Vanguard. I received a 1099R from Bank of Texas for the MRD but no 1099R or any documentation of the rollover. Shouldn't Bank of Texas send some document to me and the IRS? Thank you.

Level 15

Yes, you should have received a 1099-R showing the rollover of the IRA. The 1099-R should have had a code G in Box 7, indicating a direct rollover, which TurboTax automatically recognizes as a tax free transaction. You should contact Bank of Texas about obtaining a copy of your Form 1099-R for the rollover, and include it on your tax return.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Level 15

if you just report the RMD and not the rollover you should be ok because the rollover is not taxable.