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sacmvs
New Member

Do rmds from an ira generate a form 1099-b

iras and 1099-b
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2 Replies
DanaB27
Expert Alumni

Do rmds from an ira generate a form 1099-b

No, If you had a Required Minimum Distribution (RMD) from your IRA then you will receive Form 1099-R. 1099-B is for stock sales.

 

Please follow these steps to enter your 1099-R:

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”

 

If you haven't received your 1099-R then please contact your plan administrator.

 

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Do rmds from an ira generate a form 1099-b

I can see it be confusing to some folks though.

 

You might have held Stocks, Bonds, Mutual funds within an IRA account, and some may have been required to be sold to get your RMD...but what happens within the IRA account does not get reported on a 1099-B.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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