I received a 1099-B for my Roth IRA account - do I need to report this?

bbpc8 · ‎June 4, 2019

Coleen3 · ‎June 4, 2019

Form 1099-B generally isn't issued for sales activity within an IRA or other tax-free account. If you received a Form 1099-B, and the taxpayer ID it was issued to matches your SSN, then it sounds like there are some securities held in non-IRA accounts.

If that doesn't match your understanding, you'll need to discuss this with the financial institution that manages the accounts. If a 1099-B was issued to you, then the IRS is certainly going to be looking for this information to be reported on your return. You will need to amend it.

Are you sure it wasn't a 1099R ?

EricP3 · ‎February 19, 2022

I just received the same for my Fidelity Roth IRA. Confusing.

DanaB27 · ‎February 19, 2022

If you received a 1099-B ( which reports the sale of stocks, bonds, mutual funds, and other securities) for your Roth IRA and not some other investment account then please contact your financial institute since they should not be issuing a 1099-B for your Roth IRA.

Only once you start taking distributions then you will get Form 1099-R.

@EricP3

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I received a 1099-B for my Roth IRA account - do I need to report this?

Retirement tax questions

Retirement tax questions

Retirement tax questions