I recently opened an account with TD Ameritrade. Do I need to report anything on my tax return if I haven't withdrawn any funds from the account?

KMR81 · ‎June 3, 2019

Howard1948 · ‎June 3, 2019

You must enter the gain or loss on sales of securities, dividends and interest earned, etc. regardless of whether you withdrew money from your account or not. TDA will provide you with a form known as a Consolidated 1099-B which includes all the information you need. Many of these are now available (I got mine online yesterday). And in the TDA Tax Center on your account screen they give instructions on how you can have the information in this report automatically downloaded into TT online. I did it yesterday into my TT Download version and it worked perfectly!

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Howard1948 · ‎June 3, 2019

Was this an qualified retirement plan account, such as an IRA, or just a regular account?

KMR81 · ‎June 3, 2019

Just a regular account.

Howard1948 · ‎June 3, 2019

You must enter the gain or loss on sales of securities, dividends and interest earned, etc. regardless of whether you withdrew money from your account or not. TDA will provide you with a form known as a Consolidated 1099-B which includes all the information you need. Many of these are now available (I got mine online yesterday). And in the TDA Tax Center on your account screen they give instructions on how you can have the information in this report automatically downloaded into TT online. I did it yesterday into my TT Download version and it worked perfectly!

I recently opened an account with TD Ameritrade. Do I need to report anything on my tax return if I haven't withdrawn any funds from the account?