qbteachmt
Level 15
02-11-2021
03:41 PM
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I agree with @rbynaker and it would help if you knew this was direct or indirect. If your client took possession of the funds in between, then put that into two different brokerages/accounts, you should expect one 1099-R to show the full distribution, but 1 or 2 5498 to show the money In.
Or, you likely have one 1099-R for the money out, into another traditional IRA. Then, that new Traditional IRA account manager will issue the 1099-R for the partial balance that got converted.
Keep watching for the mail.
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Don't yell at us; we're volunteers