<curiousgeorge408[at]hotmail.com> wrote:

- quote -

I believe the new custodian issues a 5498.

- quote -

If one is issued, yes. However, they're not due until May for 2007
transactions.

If this has to do with 2007 return preparation, you don't need such a form.

--
Phil Marti
Clarksburg, MD

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When a rollover is done from a qualified employer plan to a Trad
IRA and the owner receives a check, the originating broker issues
a 1099-R.

When the check is deposited within the statutory time limit into
an IRA at another broker, what form should that broker issue to
report the qualified rollover?

Should the taxpayer expect to get a copy of that form?

We do have the second form in our records.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >