topic Re: IRA Rollover in Retirement tax questions

IRA Rollover

rockwalled1 — Mon, 23 Feb 2026 11:59:24 GMT

I took a MRD from my IRA account at Bank of Texas for 2022 then I rolled the entire remaining balance into an IRA account at Vanguard. I received a 1099R from Bank of Texas for the MRD but no 1099R or any documentation of the rollover. Shouldn't Bank of Texas send some document to me and the IRS? Thank you.

Re: IRA Rollover

DavidD66 — Tue, 21 Feb 2023 04:46:10 GMT

Yes, you should have received a 1099-R showing the rollover of the IRA. The 1099-R should have had a code G in Box 7, indicating a direct rollover, which TurboTax automatically recognizes as a tax free transaction. You should contact Bank of Texas about obtaining a copy of your Form 1099-R for the rollover, and include it on your tax return.

Re: IRA Rollover

fanfare — Tue, 21 Feb 2023 06:34:26 GMT

if you just report the RMD and not the rollover you should be ok because the rollover is not taxable.

@rockwalled1