Skip to main content
February 25, 2020
Solved

does a 401K to IRA rollover always generate a 1099-R or sometimes only a 5498

  • February 25, 2020
  • 1 reply
  • 0 views

my son rolled a 401K from a previous employer to an IRA.  Both the 401K and the IRA are Fidelity accounts.  Fidelity issued a form 5498 and the account website says there are no more 2019 tax forms coming.  (I think they were due 2/15/2020 anyway.)  I find that hard to believe.  Do I create a 1099-R of my own and enter it? Do I nag my son into calling Fidelity? I have googled a great deal (and searched turbo) and found nothing that suggests there should not be a 1099-r.  Does anyone know for sure? 

    Best answer by VolvoGirl

    Call Fidelity.  You should have a 1099R.  Don't make one up.  And you don't enter the 5498.  Can he log into his account and get a copy of the 1099R?

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    February 25, 2020

    Call Fidelity.  You should have a 1099R.  Don't make one up.  And you don't enter the 5498.  Can he log into his account and get a copy of the 1099R?