roth transfer
If a fin institution receives a roth transfer roth established in 1999), what code would the sending institution used to transfer and what code would the receiving institution use to receive it.
If a fin institution receives a roth transfer roth established in 1999), what code would the sending institution used to transfer and what code would the receiving institution use to receive it.
Permalink Submitted by Alan Spross on Fri, 2008-03-28 03:28
Are you referring to the code in Box 7 of a 1099R?
A 1099R should not even be issued for an IRA to IRA direct transfer, not should a 5498 be issued by the receiving custodian.
Ref: Transfers, p R-4 and R-13 of Inst for 1099R and 5498