Traditional IRA transfer by custodian

[DRSmith4health]

Hello everyone,

The bank that held my traditional IRA no longer offers an IRA product and tranferrred our existing IRAs to another custodian in January of 2022.  I have not received any tax forms for this transfer from either institution.  This transaction was a direct rollover from one custodian to the other.  Is this transfer reportable on my 2022 taxes?

Thank you.

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@DRSmith4health 

[dmertz · Accepted solution]

This trustee-to-trustee transfer of your traditional IRA is not reportable.  It is neither a distribution nor a rollover, so it is correct that you received no Form 1099-R and the receiving IRA custodian should also not show this as a rollover.

[DRSmith4health]

Hello dmertz,

That was my understanding, but I've been wrong before.  Thank you so much for your help!