keogh to sep ira transfer
As custodian are there any issues to be aware of when transfering a Keogh into a SEP IRA? Would this be a reportable as a distribution and a contribution for 5498/1099R purposes?
Thanks.
As custodian are there any issues to be aware of when transfering a Keogh into a SEP IRA? Would this be a reportable as a distribution and a contribution for 5498/1099R purposes?
Thanks.
Permalink Submitted by Alan Spross on Wed, 2010-12-01 00:57
Yes, the direct rollover of a non IRA plan into an IRA of any type is reportable on 1099R and 5498.