Discussion:Incorrect 1099-R/Form 5498

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Revision as of 02:47, 16 October 2009

Discussion Forum Index --> Basic Tax Questions --> Incorrect 1099-R/Form 5498
Discussion Forum Index --> Tax Questions --> Incorrect 1099-R/Form 5498

Bean (talk|edits) said:

2009-10-16
Client has 1099-R with IRA rollover amount in both Box 1 and Box 2a as taxable; however, this transaction was a rollover within 60 days but the broker did not issue the 1099-R correctly. The only thing received from broker in addition to the 1099-R was Form 5498 showing the same rollover amount in Box 2. Should client ask broker to reissue a new and corrected 1099-R or that's enough info. to file the return with the amount not taxable since it was really a rollover? (This was for 2008 tax year).
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