Pension direct rollover to Roth IRA.

dmmak · ‎June 3, 2019

In 2018, at 59.7 years, I did a direct Rollover of my Pension to a Roth IRA. I received form "5498 IRA Contribution Information" from Fidelity. Is that the correct form for this, and don't I have to report this on my tax filing for 2018? And I don't really see how or where to report this...

macuser_22 · ‎June 3, 2019

No. the 5498 is information only. You should have received a 1099-R for the rollover, no later than Jan 31, 2019. If you did not receive it then contact the plan administrator for a copy.

Unless the retirement account was all after-tax money then converting it to a Roth IRA would be taxable income.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

macuser_22 · ‎June 3, 2019

No. the 5498 is information only. You should have received a 1099-R for the rollover, no later than Jan 31, 2019. If you did not receive it then contact the plan administrator for a copy.

Unless the retirement account was all after-tax money then converting it to a Roth IRA would be taxable income.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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Pension direct rollover to Roth IRA.