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

[gundybear256]

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

[AmyT · Accepted solution]

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.