MinhT1
Employee Tax Expert

Retirement tax questions

If the E-trade account is a trading account and not a retirement account, then withdrawals from the account are not a taxable event and are not reported on your return. It is like withdrawing money from your bank account.

 

If the E-trade account is a retirement account such as an IRA, then you will receive a form 1099-R which you have to report in your tax return.

 

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