turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Rollover from Schwab PCRA to a Traditional IRA at Navy Federal credit union

I recently moved all funds from a Charles Schwab PCRA (Personal Choice Retirement Account, pre tax) which was not invested in stocks/money market to a Traditional IRA at Navy Federal credit union.  Are there any tax implications that I need to be concerned about?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Rollover from Schwab PCRA to a Traditional IRA at Navy Federal credit union

No tax implications. Best if you did a direct institution to institution transfer. 

Rollover from Schwab PCRA to a Traditional IRA at Navy Federal credit union

You will get a 1099R in January so watch for it.  It should not be taxable but you need to enter it into your tax return.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies