Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

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?

April 26, 2017distribution form indirectly IRA retirement plan tax-qualified taxable

0

Posted

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?

2 Answers

0

Posted

Generally, distributions from your IRA/tax-qualified retirement plan are reported as taxable on Form 1099-R. Any amount of the distribution that is rolled over will need to be reported on your Form 1040 US Individual Income Tax Return.

0

Posted

Generally, distributions from your IRA/tax-qualified retirement plan are reported as taxable on Form 1099-R. Any amount of the distribution that is rolled over will need to be reported by you on your Form 1040 or Form 1040A US Individual Income Tax Return.