Herb Smith wrote:
- quote -

I sure hope so. I've since learned from her documentation
that the rollover was a direct transfer from MorganKeegan to
T Rowe price, and therefore the code "g" should have been
used.

ChEAr$,
Harlan

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Harlan Lunsford wrote:

- quote -

I suppose, if the custodian knew what was being done, this
should have been coded as a "2".

- quote -

Line 15 appears to be correct. No other documentation should
be necessary (unless the entire amount was not rolloved
(sic)). In that case, you would need to file 5329.

- quote -

Maybe the IRS will come back with a "never mind"

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"Harlan Lunsford" <hnslunsford[at]bellsouth.net> wrote:

- quote -

Do you happen to know whether the rollover was reported on a
5498 by the receiving custodian? A friend had the same
problem a few years ago with a rollover properly reported on
his return but never reported by the new custodian. In that
case, though, IRS wanted tax plus the penalty.

--
Phil Marti
Clarksburg, MD

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Speaking of IRA rollover, as Bill was, one of my clients
got a notice from IRS wanting 10% on a distribution which
was rolloved. there was a code 1 in block 7, so that is
probably what piqued their computer's interest.

However the tax return filed showed the amount on line...
a. and zero on ... line... b. (I'm not too good
remembering numbers= lol) AND the word "ROLLOVER" was duly
entered into the efile.

Oh well, as Gilda Radna used to say: "it's always something."

ChEAr$,
Harlan

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >