I had Fidelity make a direct rollover from my employer-sponsored retirement plan into my Fidelity IRA Rollover Account. Why am I receiving a Form 1099-R?
The IRS generally requires the trustee of an employer-sponsored retirement plan to report direct rollovers from the plan on Form 1099-R. However, direct rollovers are generally not taxable. Rollover contributions into an IRA account are reported on Form 5498, which should balance out the distribution on Form 1099-R.
Related Questions
- I had Fidelity make a direct rollover from my employer-sponsored retirement plan into my Fidelity IRA Rollover Account. Why am I receiving a Form 1099-R?
- I had Fidelity make a direct trustee-to-trustee transfer of my IRA account to Fidelity from another firm is it reported on Form 1099-R?
- How do I rollover funds from a qualified retirement plan to a Aurora Bank IRA RetirementBuilder account?
