GLD ETF in Roth IRA TD Amer Import worked. 1099b, turbotax says I need: Date aquire, Cost or other basis, Type of gain/loss. Docs has (-) for them. Can I ignore?

pzmk5 · ‎June 1, 2019

TD ameritrade import went ok. Imported info on GLD ETF, several entries for each month I believe. Turbotax says I need extra info for these items. Import didn't import them. The paper 1099b from Ameritrade has dashes for these items. If these are for a Roth IRA, do I need to find out and fill in missing info? Imported box 1a, 1c, 1d, box x. Says I need 1b date acquired, 1e cost or other basis, box 2 type of gain or loss. Can I safely ignore this? This IS NOT a sale of ETF. I have been holding the ETF. How do you handle the Principle Payment, which is effectively a return of principle or reduction of cost basis and not a sale as Turbo Tax wants to record it?

KittyM · ‎June 1, 2019

Actually, your Roth IRA does not need to be reported in your tax return at all unless you have received a distribution and a 1099-R. You can delete the 1099-B.

It is tax-sheltered and tax-free after 5 years.

GLD ETF in Roth IRA TD Amer Import worked. 1099b, turbotax says I need: Date aquire, Cost or other basis, Type of gain/loss. Docs has (-) for them. Can I ignore?

Retirement tax questions