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gundybear256
New Member

Is selling stocks and bonds the same as cashing out an IRA?

Just want to know which turbo tax to use deluxe or premiere?
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AmyT
New Member

Is selling stocks and bonds the same as cashing out an IRA?

Generally, these are not the same transaction and you will receive different information forms to report the transactions.

The sale of securities (stocks and bonds) is reported on Form 1099-B.  

IRA withdrawals are reported on Form 1099-R.

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1 Reply
AmyT
New Member

Is selling stocks and bonds the same as cashing out an IRA?

Generally, these are not the same transaction and you will receive different information forms to report the transactions.

The sale of securities (stocks and bonds) is reported on Form 1099-B.  

IRA withdrawals are reported on Form 1099-R.

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