in article
79b8af50-4f5e-4a40-af88-f4569236685a...oglegroups.com,
yoquie[at]aol.com at yoquie[at]aol.com wrote on 3/13/09 3:44 PM:

- quote -

I generally see a 1099-R issued with distribution code G, direct transfer
between custodians. The gross distribution value in box 1 if the value of
the account and box 2, the taxable amount is $0. The gross distribution
amount shows up in box 15a or 16a of the form 1040 but nothing is taxable.
If nothing is reported to the IRS, I don't see any problem with not
reporting it.

Uncompensated advice guaranteed correct or double your money back

Frank S. Duke, Jr. CPA
Cincinnati, OH USA

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<yoquie[at]aol.com> wrote:

- quote -

Only if the SIMPLE is less than 2 years old. See the instructions for the
1099-R, which is the form used to report IRA distributions.

Direct transfers from one traditional IRA custodian to another do not
require a 1099, but some custodian's do issue them.

--
Phil Marti
Clarksburg, MD

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

When a t/p rolls-over a Simple IRA to a Traditional IRA, from one
trustee to another trustee, is a tax form required to be issued by the
old trustee to t/p?

A popular mutual fund company (the old trustee) is telling t/p that no
form is required to be issued, because the rollover transaction was
trustee to trustee and non-taxble.

I don'r recall ever seeing a rollover without a form. Can someone
clarify? and if a form is to be issued what is the number? Thanx.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >