topic Form to report a rollover of a Roth IRA to Roth IRA with another company in Retirement tax questions

Form to report a rollover of a Roth IRA to Roth IRA with another company

ellenreid82 — Thu, 06 Jun 2019 09:13:26 GMT

Will the company I roll the Roth IRA away from provide a form to report the rollover to the other Roth IRA?

If the Roth IRA was moved trustee-to-trustee, it is not a...

dmertz — Thu, 06 Jun 2019 09:13:28 GMT

If the Roth IRA was moved trustee-to-trustee, it is not a reportable transfer because it is neither a distribution nor a rollover. However, if you receive a Form 1099-R, the Roth IRA custodian has reported it as a distribution made to you and you subsequently rolled over the distribution, so it must be reported.

You will enter the 1099R to account for it, and if it is...

MichaelL1 — Thu, 06 Jun 2019 09:13:31 GMT

You will enter the 1099R to account for it, and if it is a Roth to a Roth, then it will not be taxed.

Enter the 1099R as follows:

To enter pension and annuity Payments (1099-R)

Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
Then carefully answer the questions.

Re: You will enter the 1099R to account for it, and if it is...

snickers2020 — Fri, 28 Jan 2022 18:41:13 GMT

neither accounts are Roth, now what

Re: Form to report a rollover of a Roth IRA to Roth IRA with another company

MichelleLO — Mon, 31 Jan 2022 19:41:59 GMT

You are commenting on an old thread. Can you please post a specific question so that we can better assist you?

Also, you may want to consider starting a new thread for your question so that you get the most recent and accurate advice from the Community.

@snickers2020