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Retirement tax questions
It would be helpful if you could clarify your situation, and we'll try to help.
A 1099-R is issued for a Retirement Fund Distribution (like an IRA, 401K, etc.) and is normally taxable income.
A 1099-B is issued for a Stock/Investment Sale, and reports either a Gain or Loss on the sale.
Since these are very different documents for different transaction types, you most likely need to enter both of them into your tax return.
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‎February 21, 2024
3:12 PM