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Tax Information and Reporting ~ Report Distribution from Retirement Plan Rolled Directly into an IRA on Form 1099-R
Retirement PlanningTax Reporting:
Report Distribution from Retirement Plan Rolled Directly into an IRA on Form 1099-R401k rollover / Direct Rollover Will you tell the IRS when I roll over my 401(k) plan?What happens when you move your retirement from your old employer into an IRA?
When you move your employer-sponsored retirement plan from your former employer to a Traditional IRA (using a Direct Rollover through a process that is commonly referred to as a 401(k) Rollover), two important notifications are made as required by the IRS:
Place Trade's administrative manager and trustee for your retirement accounts, will provide your Form 1099-R to you directly.
To get more information on Form 1099-R, please visit the go to the US Persons & Entities page (located under the Tax Reporting section of our website and specifically look for information about 1099-R - Distributions from IRAs. For complete information please visit www.irs.gov.
Please note that the information provided herein is for educational purposes only and it should not be used for tax advice. Unless specifically stated to the contrary, any information contained in this FAQ is not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer. Please contact your own tax and/or legal advisor prior to making any tax-related decisions. Place Trade Financial, Inc. does not offer tax advice.
Tax FAQs
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