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

george-brackett

Level 2

Solved

IRA transfers

2 replies
45 views

Should I receive a 1099-r for a transfer from one IRA custodian to another IRA custodian?

dmertzAnswer

Level 15

Expert Reviewed

A properly done trustee-to-trustee transfer is neither a distribution nor a rollover is therefore not reportable. There should be no Form 1099-R reporting it a distribution and no entry on a Form 5498 reporting it as a a rollover, nothing to enter into TurboTax.

Alumni - Intuit

Yes, this is a trustee-to-trustee rollover, which is not taxable. But you will receive a form 1099-R from the first custodian.

You'll enter that form in TurboTax and follow through with the TurboTax interview to indicate that this is a rollover to another IRA.

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

dmertzAnswer

Level 15

Expert Reviewed

A properly done trustee-to-trustee transfer is neither a distribution nor a rollover is therefore not reportable. There should be no Form 1099-R reporting it a distribution and no entry on a Form 5498 reporting it as a a rollover, nothing to enter into TurboTax.