- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
If you moved cash from the mutual fund account to the Roth IRA, then there are no taxes involved. If securities had to be sold in order for the transfer to take place, then a 1099-B would be generated and you would need to report the sales transaction.
For whichever year you made the transfer, you do need to enter the information in your return to report that you made a contribution to your Roth IRA in order to validate that you were eligible to do so.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 17, 2021
6:55 AM