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Level 1
posted Sep 17, 2025 9:20:41 AM

1099-B No payout, Rolled back in

The state sent a letter for back taxes and included 1099-B as income. If I didn't receive a payout, gains were rolled into different stocks, is that considered taxable income?

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1 Replies
Level 15
Sep 17, 2025 9:27:33 AM

Yes, the gains are taxable income. You received the income in your account. It doesn't matter what you did with it - whether you reinvested it or did something else with it.