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June 1, 2019
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I transferred money from a State IRA account but rolled it over to an account with Edward Jones. Do I report any income off of this money?

  • June 1, 2019
  • 1 reply
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Received Form 1099-R which indicates FATCA is "NO".
Best answer by MichaelL1

The 1099R needs to be entered into TurboTax, however if rolled to a Traditional IRA there would be no tax impact.  A rollover to a Roth IRA would be taxed. 

https://ttlc.intuit.com/replies/5744757

1 reply

MichaelL1
MichaelL1Answer
Employee
June 1, 2019

The 1099R needs to be entered into TurboTax, however if rolled to a Traditional IRA there would be no tax impact.  A rollover to a Roth IRA would be taxed. 

https://ttlc.intuit.com/replies/5744757