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Retirement tax questions
Can you clarify something for me? In this case are you certain that the custodian company didn't distribute this money to you in order to invest in this real estate trust? Because if that's the case then the money was sent to you by the custodian and after they sent it to you it was lost. In that case the custodian would have no choice but to issue you the 1099-R because you took the money out in order to invest it. And you will have to pay taxes on it because you didn't pay taxes when you put it in.
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March 21, 2024
4:21 PM