Re: 403b Rolled over to IRA after Retirement

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?

posted

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.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**