You'll need to sign in or create an account to connect with an expert.
Yes ... you will get a 1099-R in January which must be reported even if it was a direct rollover to another retirement account. Failure to report it will get you an IRS love letter in a couple of years (with penalty & interest included making it very scary) that you will have to deal with ... so file the form correctly to begin with and enjoy your life.
You didn't say when you rolled it over. You report it on your tax return for the year that you did the rollover.
You also have to answer Yes to the question "Did you acquire, sell, exchange, or dispose of any virtual currency?"
If you received the money first, did you roll it over within 60 days?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Mike1127
Level 3
neldaacarrasco
New Member
jsefler
New Member
rfunger
New Member
Stevecoh1
Level 2