I did not see an answer to this question.
In my case, these payments were a result of a mutual fund company charging excess 12.b.1 fees to their investors.
I cashed the checks and kept the funds, did not deposit into the accounts. Both were from a protected IRA
The check from the Roth acct was below $600, and the one from the rollover was barely below $600. It was not reported on a 1099-int, since the interest portion of the disbursement were below $600.
No taxes were withheld
How is this treated? How is this put into TurboTax?
Thank you
