stocks converted to an annuity

cm45 · ‎March 31, 2020

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?

RobertG · ‎March 31, 2020

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.

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View solution in original post

RobertG · ‎March 31, 2020

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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stocks converted to an annuity