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Why did I receive a Form 1099-R for a distribution from my employers retirement plan that was rolled directly into an IRA?

April 26, 2017directly distribution employer form IRA retirement plan

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Why did I receive a Form 1099-R for a distribution from my employers retirement plan that was rolled directly into an IRA?

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This is called a direct rollover. Your employer is required to report assets leaving the employer’s plan on Form 1099R. Box 7 indicated the type of distribution occurred.