Why am I receiving a 1099-R form on a distribution from my employers retirement plan that was rolled directly into an IRA?
This is called a direct rollover. We are required to report the assets leaving the employer plan on Form 1099-R. Your successor trustee is required to report a rollover contribution of the same assets on IRS Form 5498. You may want to contact them to ensure that they will be reporting the rollover properly.
Related Questions
- Why did I receive Form 1099-R showing the distribution from my IRA/tax-qualified retirement plan as being taxable when I indirectly rolled it over to another eligible retirement plan?
- Why am I receiving a 1099-R form on a distribution from my employers retirement plan that was rolled directly into an IRA?
- Why did I receive a Form 1099-R for a distribution from my employers retirement plan that was rolled directly into an IRA?
