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Aig Rollover Form

Aig Rollover Form

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hey everyone andy here i had a bunch of questions lately about doing rollovers from either employer plans like a 401k to an ira and what the tax reporting is around it specifically will you get a 1099-r showing the money that's getting rolled and if you do what do you have to do with it does it even go in your tax return at all um so question the answer is it depends and depends on a few things i'm gonna break it down this way it depends on if the rollover is coming from an ira to an ira or if it's coming from an employer plan like 401k for 3b 457 thrift savings plan to an ira it further also depends if that rollover is what's called a direct or an indirect rollover so let's start and you'll see what i mean as we get into it so first let's assume you're doing a rollover from an ira to another ira a direct rollover would be where the custodian where the ira currently is directly sends the money or the funds to the other ira custodian the money is not distributed to you it is not made pa

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