- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Settlement with my Financial Advisor who handled part of my retirement. How do I report it to IRS?
Hello,
I had a dispute with my former financial advisor for mishandling my retirement investments. We settled in 2021 and I rolled the account over into my employer's retirement account. I also received a check from the firm (losses due to mishandling of my investments) that couldn't be transferred to my current retirement account. All they sent me was the check, no forms. I am using TurboTax software for filing my taxes. Do I report it as income? Under what section and possibly form do I file it?
Thanks in advance.
March 4, 2022
6:53 PM