Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 9, 2020 8:00:49 AM

403b Rolled over to IRA after Retirement

I had a 403b account which I closed and rolled over to an IRA when I retired in May 2019. I have a 1099-R for the IRA for my taxes. Do I need a 1099-R for the closed 403b?

0 2 1342
2 Replies
Level 15
Feb 9, 2020 8:02:29 AM

Yes you do.  If you do not report it as a rollover then the IRS will assume that it was not rolled over and send a bill for the tax.

 

You should have already received the 1099-R form the account trustee.  If not then call the trustee.

 

Level 2
Feb 9, 2020 9:44:15 AM

Thank you