tuni88 Posted January 19, 2008 Posted January 19, 2008 We paid a lump sum from our DB plan to a new 2007 retiree via a direct rollover to the participant's IRA. Do we still have to send the participant a 1099-R?
Guest SVP Posted January 19, 2008 Posted January 19, 2008 Provided that the DB plan is a qualified plan (as opposed to a non-qual) which it must be since you did a direct rollowever I do beleive that a 1099-R needs to be issued - taxable amount $0 and distribution code G for direct rollover.
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