@pugsweb wrote:
I’m doing my best to answer questions but I don’t understand it all either …
yes Barclays bought them back and the money went right to an IRA … not a Roth.
does that help at all?
If you were holding shares inside an IRA, and those shares were converted to cash, all still inside the IRA, then you have no taxable event. You are only taxed when you actually withdraw money from the IRA.
You need to report the 1099-MISC so your tax return matches the IRS computer record of your income, but you then create an item of "other income" in Turbotax that is a negative match to the 1099-MISC so it cancels it out. I don't have a detailed instruction on how to do that, I will refer you to other experts
@Critter-3
@rjs
@VolvoGirl
