Help! Traditional IRA indirect rollover question

[Taxhelpneeded2023]

Hi! Thank you for the information! I’ve already received the 1099 R from my old IRA provider. Do you mean that I need to reach out to them after I do the IRA rollover and they will issue another corrected 1099R to show it’s a rollover rather than an withdrawal, so that I don’t get taxed on the full amount of this “withdrawal/rollover”?

[dmertz · Accepted solution]

If the funds were not transferred directly between IRA custodian's without ever having been paid to you personally, the From 1099-R is correct.  Enter the Form 1099-R as received, indicate that you moved the money to another retirement account, then indicate the amount rolled over.  TurboTax will exclude from your taxable income the amount rolled over.

[VolvoGirl]

See his prior post.  He hasn't put the withdrawal into the new IRA yet.

https://ttlc.intuit.com/community/get-started-in-community/discussion/help-traditional-ira-indirect-...