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What tax forms will I receive for transfers or rollovers into my STRATA account?

Moving retirement funds between accounts may generate IRS reporting forms depending on the type of transaction completed. Learn what tax forms you may receive for direct transfers, IRA rollovers, and employer-sponsored retirement plan rollovers.

Direct transfers

If you completed a direct transfer between custodians (financial institutions), you generally will not receive IRS Form 1099-R from the prior custodian because the funds were never distributed directly to you.

In most cases:

  • No tax withholding applies
  • The transfer is not taxable
  • No distribution is reported to you personally

A simple rule of thumb:

If you did not receive a check payable to yourself, you generally should not receive IRS Form 1099-R.

Indirect rollovers

If you received a distribution check from your prior custodian and deposited the funds into your STRATA IRA within 60 days, you should expect:

  • IRS Form 1099-R from the distributing custodian
  • IRS Form 5498 from STRATA reporting the rollover contribution

If the rollover was not completed within 60 days, taxes and penalties may apply. Consult a qualified tax professional regarding possible waiver eligibility or next steps.

Employer-sponsored retirement plan rollovers

If you rolled over funds from a 401(k), 403(b), or other employer-sponsored retirement plan, you will generally receive:

  • IRS Form 1099-R from the employer plan provider reporting the rollover distribution
  • IRS Form 5498 from STRATA confirming the rollover contribution into your IRA

Receiving IRS Form 1099-R for a direct rollover does not necessarily mean the transaction is taxable.