If I do need to declare it which form would I fill out? No contributions were made in 2006. I have not received any end of the year tax related statements/documents from Broker A.
2007-02-13 12:22:55 · 4 answers · asked by Bob321 1 in Business & Finance ➔ Taxes ➔ United States
You don't need to declare the company you changed to, unless you transferred only part of the IRA you had in Broker A....you only have to claim once you receive payment from the IRA. Good Luck and don't worry about a thing.
2007-02-13 12:27:53 · answer #1 · answered by CHUMBA 2 · 0⤊ 0⤋
You did not liquidate the account but merely transferred it to another Business or another representative within the same organization.
You do not have to declare unless you rolled over some funds or sold some. If you were not issued a 1099, don't worry about it.
2007-02-13 20:32:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A simple transfer from one broker to another, as long as it's completed in a timely manner, is not reportable to the IRS (which stands for I really stink).
2007-02-13 20:28:05 · answer #3 · answered by cjones1303 4 · 0⤊ 0⤋
I hope it was a direct transfer agent to agent and not to you then a agent. Agent to agent does not need to be reported. All others do and you would received a withholding and penalty by now.
2007-02-13 20:35:13 · answer #4 · answered by gvh 3 · 0⤊ 1⤋