AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

Yes, if the brokerage account is a taxable account and reported under your Social Security number, then you do need to report any dividends, interest, or trades reported on the consolidated form 1099, even if all of the income remained in the account.

 

If the brokerage account is a tax-deferred account, such as an IRA with a Federal ID number other than your Social Security number, then you do not report that information on your personal tax return.

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