topic Re: roth-ira in Get your taxes done using TurboTax

roth-ira

psu — Mon, 09 Mar 2026 08:17:54 GMT

If I move my entire roth-ira amount from one bank to another bank roth-ira account, do I need to report this to IRS? Note: I have not withdrawn any money from this account,

Re: roth-ira

BillM223 — Fri, 11 Mar 2022 23:58:50 GMT

If you did a trustee-to-trustee of a Roth IRA, I doubt that the trustees will even send you a tax form, since this is not a taxable event. So in that sense, you don't report it to the IRS.

But if you did get a 1099-R form, come back and tell us.

Re: roth-ira

psu — Sat, 12 Mar 2022 00:13:49 GMT

I had my Roth-ira account in Wells Fargo and I closed my account at Wells-Fargo and asked them to send it to my Roth-ira account in Fidelity.Wells Fargo sent me a cheque for the entire amount to be deposited to Fidelity Roth-IRA which I did. I received a Form 5498 from Fidelity and 1099-R from Wells Fargo.

Re: roth-ira

ThomasM125 — Sat, 12 Mar 2022 01:01:54 GMT

You need to report the form 1099-R in TurboTax. You will be asked what you did with the distribution, to which you will respond that you rolled it over to another retirement account.

You enter the form 1099-R in the Federal section of TurboTax, then Income and Expenses, then Retirement Plans and Social Security, then IRA, 401(k), Pension Plan Withdrawals (1099-R).