1099R form for pension rollover to IRA account
I have misplaced my 1099R which deals with rollover of my lump sum pension that I have received from my employer. And it is a big pain to get a new one. However, I know the rollover amount. I also know that it is non-taxable event – but IRS still requires me to report it. Can you help me in providing what would have gone into my 1099R so I can still do my tax return. More specifically say the pension lump sum was (rounding) $260,000. I also received $1,000 bonus from the brokerage house that was added to my IRA account for opening this account. My understanding that this $1,000 bonus is also non taxable and would not be reported to IRS at all — as I will pay tax on it when I withdraw this $1,000 from this account later.
Permalink Submitted by Alan - IRA critic on Fri, 2020-03-27 15:08
Box 1 260000; 2a 0; 2b check total dist; 7 G; however, if you e file you will also need the payer’s name, address, and TIN, and if these do not match what the IRS has your e file will reject and you will have to file a paper return. Best to call them and get this data from them to avoid unintended consequences.