My father passed away in 2019 and I was a beneficiary on his TD Ameritrade account. TD Ameritrade opened individual accounts for all 4 of my siblings (including me) and distributed the funds equally to all of our accounts. I decided to withdraw the funds and taxes were not withheld so I assumed I would get a 1099-R.
I log in to my account and it states that my account will not be getting a 1099-R or a consolidated 1099 form because my account had no reportable activity. I understand I must report the withdraw amount but where in turbotax do I enter this information? Since I do not have a 1099 form I am confused about what to do.
This is the message I received from TD Ameritrade:
There was not any account activity to generate a 1099. Since this is a taxable account and no trades were placed the withdraw from the account was not enough to generate any 1099. If this however was an IRA account or retirement account then the withdraw would have generated a 1099.
I am so confused! If it is not a retirement account where am I supposed to report the income.
