1099-R’s transactions reported to IRS and included in tax returns
My understanding of which IRA/401k transactions are reported to the IRS with a 1099-R is as follows. Can someone please confirm if this is correct? Let us assume that all transactions in this discussion are of the type “direct trustee to trustee transfer”.
one IRA to another IRA of the same type with the same trustee (Roth to Roth and Trad to Trad) – not reported – no 1099-R issued
one IRA to another IRA of the same type with a different trustee – not reported – no 1099-R issued
Traditional IRA to Roth IRA (Roth conversion) – reported – 1099-R issued
Traditional IRA to 401(k) – reported – 1099-R issued
401(k) after tax to Roth (Roth conversion) – reported – 1099-R issued
401(k) growth on after tax to Trad IRA – reported – 1099-R issued
Also – do I include all 1099-R’s issued to me in my return regardless of whether the transfer is taxable?
Permalink Submitted by Alan - IRA critic on Sun, 2022-06-05 14:19
All are correct. Yes, all 1099R forms you receive should be reported on your return in some manner. Certain recharacterization 1099R forms are only reported with an explanatory statement, others go on line 4a and require a statement as well.