Do I owe taxes?

[neff1973]

I did an indirect transfer of a traditional IRA from one mutual fund co. to another.  I asked for no withholdings.  The check was sent to me and I signed it over to new mutual fund co. and sent check to new mutual fund co. within a few days.  Do I owe taxes on this transaction.  I received a 1099-R form from original mutual fund co.

[Texas Roger]

If the entire distribution was rolled over to another IRS within 60 days, there is no tax on the distribution. You must enter the 1099-R on your tax return and in the follow up questions, indicate that it was a rollover.