- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099-MISC for a refund from a settlement inside my Traditional IRA
I received a 1099-MISC for a refund of fees from a settlement between UBS and the SEC. The refund was credited to my traditional IRA, no money was taken out of the IRA. I don't understand how I can pay taxes on money that I never withdrew from the IRA. Anyone have any ideas on what to do here, I can't see paying taxes on money that was never withdrawn not to mention paying taxes twice on this when I do withdraw it someday after reaching 59 1/2 years old. Thanks
Topics:
March 16, 2022
11:50 AM