topic Do we need to report a transfer from a former investment entity to a new investment entity if it was a direct transfer of an IRA? in Get your taxes done using TurboTax

Do we need to report a transfer from a former investment entity to a new investment entity if it was a direct transfer of an IRA?

mvermilya — Thu, 26 Feb 2026 23:11:12 GMT

Former investment entity is not providing a 1099-R. Should I create a manual substitute 1099-R?

Re: Do we need to report a transfer from a former investment entity to a new investment entity if it was a direct transfer of an IRA?

Opus 17 — Thu, 26 Feb 2026 23:24:17 GMT

It depends on the type of account. A direct rollover of a traditional IRA at broker #1 to a traditional IRA at broker #2 does not require a 1099-R. Rollovers from other kinds of accounts to a traditional IRA, or from a traditional IRA to some other kind of account, sometimes require a 1099-R.

Re: Do we need to report a transfer from a former investment entity to a new investment entity if it was a direct transfer of an IRA?

dmertz — Fri, 27 Feb 2026 16:26:33 GMT

@Opus 17 , a trustee-to-trustee transfer of one IRA to anther is not a "direct rollover." Properly used, the term "direct rollover" applies only to the movement of funds to or from an employer plan like a 401(k). A trustee-to-trustee transfer of an IRA is neither a distribution nor a rollover, which is why it is not reportable.