How do i report stocks showing on a 1099-b when they were transfered to a new institution and not sold?

[vmpsinakis]

I have a 1099 B from an institution showing total proceeds in box 1d. However, these stocks were transferred to a new institution. How do I report this on my tax return?

[MinhT · Accepted solution]

Stocks transferred to another stockbroker and not sold are not reported on your tax return. Your former stockbroker should not have issued you a form 1099-B for this transfer.

Please read this IRS document for more information:

https://www.irs.gov/pub/irs-pdf/i1099b.pdf

As you have received form 1099-B, you should enter it on your tax return and enter as cost basis the same amounts as in total proceeds resulting in no capital gain or loss.

[cruzmdela]

Moving funds within the brokerage or from one brokerage to another is considered non-taxable event if its your retirement account. But, non retirement account will generate a 1099-B if funds are moved. Is this accurate?