Do I have to show a transfer from one IRA to another iRA?

jama53 · ‎June 1, 2019

macuser_22 · ‎June 1, 2019

Did you receive a 1099-R?

Trustee-to-trustee transfers from one account to another where you never see the money are normally not reportable.

**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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jama53 · ‎June 1, 2019

NO - I did not receive a 1099-R only an IRS Form 5498 from the new IRA account showing the Fair Market Value. I get a monthly statement from the new account showing activity. And it showed the amount transferred on that statement.

jama53 · ‎June 1, 2019

So I do not need to worry about adding anything in to my taxes?

macuser_22 · ‎June 1, 2019

Nothing to report.

**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.**

jama53 · ‎June 1, 2019

Thank you

macuser_22 · ‎June 1, 2019

Did you receive a 1099-R?

Trustee-to-trustee transfers from one account to another where you never see the money are normally not reportable.

**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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Do I have to show a transfer from one IRA to another iRA?