I received a 1099-B from a company coming out of bankruptcy previously owned in my IRA. I deposited all proceeds back to my IRA. Do I need to report this 1099-B, and if so how do I reflect no distribution at this time?
It should be in the name of your IRA. Give it to the IRA custodian. You should not receive - your IRA should.
The dilemma is I transfer my IRA while the company was in the process of reorg, not expecting any return. When I received the funds, I provided proof of previous IRA ownership to ETRADE(current IRA holder) and they transferred the funds in as an IRA rollover. 1099-B was received from COMPUTERSHARE which is where the shares were held while the company was recovering.