Reply To: 1040 Reporting of Deferred Fixed Annuity Purchase

Home Fairmark Forum Retirement Savings and Benefits 1040 Reporting of Deferred Fixed Annuity Purchase Reply To: 1040 Reporting of Deferred Fixed Annuity Purchase

#74697
Alan S.
Participant

1) Most likely, the IRA annuity was purchased using a non reportable same trustee transfer between Fidelity IRAs. If so, there will be no 1099R or 5498 issued and you will not have to report this transfer anywhere on your 1040.

2) That is correct. Same as above, this would be a non reportable same trustee transfer when it occurs. There is no limit on the number of these transfers you can make. And if you are subject to RMDs, these transfers are disregarded with respect to your RMD timing.