You'll need to sign in or create an account to connect with an expert.
A broker to broker transfer is not a taxable transaction; however, you should have received a Form 1099-R, which reports the transfer. If you did not receive the 1099-R, contact Edward Jones to get a copy.
Trustee-to-trustee transfers of an IRA are not reportable and you should not receive a Form 1099-R or see this reported on a Form 5498. It is neither a distribution nor a rollover
If an IRA is instead moved by a distribution paid to you and subsequently you deposit the money into another IRA within 60 days, this would be a reportable distribution and rollover and you should have received a From 1099-R.
If the account at Edward Jones was not an IRA but was instead a qualified retirement plan like a 401(k), these can only be moved by distribution and rollover and you should have received a Form 1099-R that must be reported.
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.
shefqet1
New Member
atn888
Level 2
mpapadop
Level 1
cnhowardcell
Returning Member
Jiawei32
Level 1