1099R
Client does direct rollover of 401k to IRA, should the custodian of the 401k issue 1099R since it was a direct rollover?
Client does direct rollover of 401k to IRA, should the custodian of the 401k issue 1099R since it was a direct rollover?
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Permalink Submitted by Alan - IRA critic on Mon, 2017-03-06 16:29
Yes, because a direct rollover is considered two combined transactions, a distribution followed by a rollover. DIstributions trigger a 1099R.