Discussion:Incorrect 1099-R/Form 5498
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(Difference between revisions)
| Revision as of 03:16, 16 October 2009 KathiJud (Talk | contribs) (You should be ok) ← Previous diff |
Revision as of 13:58, 16 October 2009 Bean (Talk | contribs) (Thanks Kathi- I') Next diff → |
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| {{ForumReplyPost|UserID=KathiJud|Date=16 October 2009|Text=You should be ok to file without getting a corrected 1099-R. I would at least ask for documents to support the withdrawal date and the rollover funding date. | {{ForumReplyPost|UserID=KathiJud|Date=16 October 2009|Text=You should be ok to file without getting a corrected 1099-R. I would at least ask for documents to support the withdrawal date and the rollover funding date. | ||
| Your TP could have taken his rollover money to a different broker or bank and opened a new account within 60 days - no difference from what your facts are.}} | Your TP could have taken his rollover money to a different broker or bank and opened a new account within 60 days - no difference from what your facts are.}} | ||
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| + | {{ForumReplyPost|UserID=Bean|Date=2009-10-16|Text=Thanks Kathi- I'm surprised they would not reissue a corrected 1099 (but then again this was 2008).}} | ||
Revision as of 13:58, 16 October 2009
Discussion Forum Index --> Basic Tax Questions --> Incorrect 1099-R/Form 5498
Discussion Forum Index --> Tax Questions --> Incorrect 1099-R/Form 5498
| 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). | |
| 16 October 2009 | |
| You should be ok to file without getting a corrected 1099-R. I would at least ask for documents to support the withdrawal date and the rollover funding date.
Your TP could have taken his rollover money to a different broker or bank and opened a new account within 60 days - no difference from what your facts are. | |
| 2009-10-16 | |
| Thanks Kathi- I'm surprised they would not reissue a corrected 1099 (but then again this was 2008). | |
