1099R And Roth Distributions

One of the advantages of a Roth IRA is that you can take your contributions back without owing taxes. In other words, if you put $2000 into a Roth IRA and it grows to $3000 in value, you can generally take $2000 back out of the account without tax consequences. Roth 1099R – Only Taking […]

1099-R And 401(k) Rollovers

If you rolled over a 401(k) last year, you should get a 1099-R form from your (previous) investment provider. Naturally, you’ll wonder: Has there been a mistake? Will I owe taxes on the transaction? If the rollover was processed correctly, you should not owe taxes. Are you looking for your 1099-R? If you actually want […]