Retirement Transfer

Forum|Forum|5 years ago
April 8, 2021
2 replies
9 views

How do you enter IRA Retirement Fund Transfers from one IRA to another IRA in TurboTax. I have numerous that were transferred to new retirement accounts, but as these are considered transfers you do not get a 1099-R. How/where do I enter this information.

TurboTax Home & Biz Windows

VolvoGirl

Level 15

You only enter actual 1099R you get, even for transfers. If they are direct transfers and you don't get a 1099R you don't need to report them.

KBSVentures20Author

Level 2

Thank you so much for the answer. We have records of the transfers to new investment account if ever needed, I believe that satisfactory. Once again thank you.

macuser_22

Alumni - Champ

You don't. A trustee-to-trustee transfer does not generate a 1099-R and there is nothing to report.

**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.**