I cashed out an individual savings acct through American Funds (growth portfolio) in april 2018. 1099b says telephone redemption, do I need to claim on my taxes still?

[auger-molly]

The 1099B for this fund does not have any dollar amounts to place on the tax forms via turbo tax so I have deleted them for the time being and inserted a new account opener later.

[AnnetteB · Accepted solution]

If you did not have to sell any securities to cash out the account, meaning you only took out cash that was sitting in the account, then you would not need to report that in your tax return. 

If you first had to sell something to generate the cash that you took out, then the details of that sale would need to be entered.

This is assuming that it was not a tax-deferred account like an IRA.