No 1099 R for rollover

[oceanlovin'ea]

Fidelity Investments told my client that they didn't send out 1099R for rollovers. They said the other company (who received the rollover money) would send them a 5498 after the end of May.

I've already had several 1099R's for rollovers. Since when isn't it necessary?

Well if they don't report it to IRS, then I don't need it on the return. But I hope there doesn't come a letter later.

Linda, EA

[Gary2]

If it's from a traditional IRA to a traditional IRA, then no 1099-R is needed. This is called a transfer, not a rollover, since the nature of the count hasn't change, only the custodian has. There are other types of transfers that are also not reported.

[JoshinNC]

American Funds told me the same thing the other day

I seem to remember getting 1099-R's in prior years for IRA transfers, but they may in papersaving mode now.