Hello,
If a direct transfer from former employer plan is initiated (check is cut and mailed to self directed Roth custodian -IE Vanguard FBO John Smith Roth IRA) but the funds don't get deposited in Roth IRA until after 12/31 (bc gets lost in mail or misplaced custodian), my understanding is a 1099r will be generated for 23 so long as funds left the former employer plan even if $$ doesn't land into roth IRA until 24. Would someone please confirm if this conversion would be taxable for 2023?
thanks,
George
If a direct transfer from former employer plan is initiated (check is cut and mailed to self directed Roth custodian -IE Vanguard FBO John Smith Roth IRA) but the funds don't get deposited in Roth IRA until after 12/31 (bc gets lost in mail or misplaced custodian), my understanding is a 1099r will be generated for 23 so long as funds left the former employer plan even if $$ doesn't land into roth IRA until 24. Would someone please confirm if this conversion would be taxable for 2023?
thanks,
George
Statistics: Posted by curious_georgey — Tue Dec 26, 2023 11:07 am — Replies 1 — Views 69