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Level 1
posted Mar 31, 2020 7:27:52 AM

stocks converted to an annuity

I had various stocks (with one broker) which were move to an annuity (with a different broker). Do I have a tax liability? If I do, what forms do I need to fill out?  

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1 Best answer
Expert Alumni
Mar 31, 2020 9:40:02 AM

If your broker sold stocks to convert the money to an annuity you should have received a 1099-B for the sale of those stocks.

 

If you report the sale of the stocks, that should be all you have to do.

1 Replies
Expert Alumni
Mar 31, 2020 9:40:02 AM

If your broker sold stocks to convert the money to an annuity you should have received a 1099-B for the sale of those stocks.

 

If you report the sale of the stocks, that should be all you have to do.