Do you need to report an Roth IRA rollover?

pandaexpressfan_1
pandaexpressfan_1 Level 5
edited January 22 in Retirement Income

This year I switched brokerages where I have my Roth IRA. I moved my IRA from Vanguard to Fidelity. It was a direct rollover and shouldn't be taxable from my understanding. Will I receive a 1099-R and do I need to include that on my taxes?

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  • DaveT
    DaveT image
    Answer ✓

    From what you described, it was a transfer not a rollover. Transfers are not reported to the IRS because they are not considered taxable events. You will not receive a 1099-R for it.

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