Reporting Retirement Accounts

Thanks for the site. The state is Wisconsin. I quit a job in which I was enrolled in a 401(k) plan. I had a direct roll over to an IRA plan with Prudential securities. I also opened up a Roth IRA.

I received a 1099-R from the previous financial institute and received consolidated statements from Prudential Securities.

Both consolidated statements have a 2000 Fair Market Value number. Do I report this value on my taxes, and if so, does the rollover account get reported as a traditional IRA? The Roth IRA ended up losing value and has a negative value for Total Income-Dividends gain. The rollover acount made a little in dividend.

Any device would be greatly appreciated.

Thanks,

Arras

[Edited by bigdaddya on 04-03-2001 at 10:11 PM]

See the Instructions for Form 1040 for how to report an IRA "roll over". If done properly, its not taxable.