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nraddoc
New Member

I received 1099DIV and 1099B from a deferred account for which I withdrew no money. Do I report this on my tax return and if so where?

The account of concern is deferred and I have never withdrawn money from the account.  I don't believe I need to pay tax on deferred money until I actually withdraw the money.  I don't want to enter the data in the wrong place and pay tax on deferred money.

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1 Reply
KenH1
New Member

I received 1099DIV and 1099B from a deferred account for which I withdrew no money. Do I report this on my tax return and if so where?

You are correct that you don't pay taxes until you withdraw on tax-deferred accounts such as IRAs, 401ks, 403bs, etc.

If you have received a 1099-DIV and a 1099-B, however, then the account is a taxable account (not an IRA, 401k, etc)

You do need to enter them.  Here's how:

Input your 1099-B at:

Federal Taxes > Wages & Income > 

Scroll down to Investment Income, then click Show More

Select Start next to Stocks, Mutual Funds, Bonds, Other 

(at the bank logo screen, scroll down and select "I'll type in myself")


Input your 1099-DIV at:

Federal Taxes > Wages & Income

Scroll down to

Interest and Dividends and click Show More

Select Start next to Dividends on 1099-DIV

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