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Roth IRA custodian to custodian direct transfer (rollover) Tax forms

I did a custodian-to-custodian transfer of my Roth IRA from TIAA to Fidelity in 2021, and now I am waiting for tax forms to file. My understanding is that it's a Roth to Roth transfer, and there is no tax reporting. Am I expecting a 1099-R or 5498 from TIAA? Thanks.

Note: I have received 5498 from Fidelity for the transfer and current year contribution of 2021. 

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4 Replies

Roth IRA custodian to custodian direct transfer (rollover) Tax forms

You will get a 1099-R but it will have a code in box 7 which will make the distribution tax free. 

dmertz
Level 15

Roth IRA custodian to custodian direct transfer (rollover) Tax forms

A properly executed trustee-to-trustee transfer from a Roth IRA at one custodian to another is not a distribution or rollover and is nonreportable.  You should not receive any Form 1099-R or Form 5498 reporting this transaction.

Roth IRA custodian to custodian direct transfer (rollover) Tax forms

I guess I will wait a bit to see if I am getting any form(s) before tax filing. 

Roth IRA custodian to custodian direct transfer (rollover) Tax forms

No form was received. Called TIAA, and was told that there would be no form for the custodian to custodian transfer. 

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