Ok. I've got one. Husband and wife split in 2010. She transfers $1,000 out of her ROTH into one in his name via the broker. He did not have a ROTH before and this is the only money in it now. He has not withdrawn anything. It is still in there. He never took actual possession of any funds. Trustee within trustee transfer.
HE gets a 1099-R showing his name and SSN -- gross distribution = $1,000, taxable amt "0", code JP. (Huh?) This was not done via QUADRO or court-order. They just amicably split stuff up. Seems she is the one who should have gotten 1099-R, if anyone should. Opinions? Also, does his initial contribution period start when he got the money, or does he assume her original date deposited for the 5-year rule?
HE gets a 1099-R showing his name and SSN -- gross distribution = $1,000, taxable amt "0", code JP. (Huh?) This was not done via QUADRO or court-order. They just amicably split stuff up. Seems she is the one who should have gotten 1099-R, if anyone should. Opinions? Also, does his initial contribution period start when he got the money, or does he assume her original date deposited for the 5-year rule?