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New Member
posted Apr 4, 2025 10:45:26 PM

My 401K was rolled over into a simple IRA and then I withdrew the funds. Do I have to report the rollover and the withdrawal since it is the same funds?

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1 Replies
Expert Alumni
Apr 5, 2025 4:32:01 AM

Yes, you need to report the rollover and the distribution from the Simple IRA.  

 

They are two different distributions from two different accounts.  You should have two separate Form 1099-Rs to include as part of your return that will report the distributions.