I changed jobs last year and did a direct rollover from my pension plan to an individual IRA. I rolled over 100% and kept my investments the same with the same investment firm that handled my original plan. I would up taking a small distribution from it late in the year.
I got my 1099 showing my 100% rollover, but nothing about my distribution.
Will I get an additional 1099 showing my distribution?
It's still within the 60 day window and I'm thinking of re-depositing my funds so I don't take a tax hit.
Any ideas?
TIA!!
Taking a Distribution?
Started by
snowpuppy
, Jan 14 2011 05:21 PM
3 replies to this topic
#1
Posted 14 January 2011 - 05:21 PM
#2
Posted 14 January 2011 - 05:43 PM
I changed jobs last year and did a direct rollover from my pension plan to an individual IRA. I rolled over 100% and kept my investments the same with the same investment firm that handled my original plan. I would up taking a small distribution from it late in the year.
I got my 1099 showing my 100% rollover, but nothing about my distribution.
Will I get an additional 1099 showing my distribution?
It's still within the 60 day window and I'm thinking of re-depositing my funds so I don't take a tax hit.
Any ideas?
TIA!!
Brokerages have until 2/15 to get you your 1099s as a result of the Emergency Economic Stabilization Act of 2008. I would check back with your brokerage after that date if you have not received your 1099 for the distribution.
#3
Posted 14 January 2011 - 08:02 PM
I was more hoping they forgot about my distribution 
#4
Posted 14 January 2011 - 10:46 PM
I was more hoping they forgot about my distribution
Tell me about it!
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