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 was my retirement plan distribution reported on Form 1099R when I rolled it over into another retirement plan within 60 days of receiving the check?

April 26, 2017days distribution form reported retirement plan

0

Posted

Why was my retirement plan distribution reported on Form 1099R when I rolled it over into another retirement plan within 60 days of receiving the check?

1 Answer

0

Posted

Any distribution, whether taxable or not, is reportable to the IRS. The distribution is reported on Form 1099R and your rollover will be reported on Form 5498 next May.