If I withdraw any money from my Brokerage account do I have to file that as income earned or other income on my taxes this year?

Darscott · ‎June 1, 2019

I withdrew 1600.00 this past year from a brokerage account. Do I have to claim this amount on my taxes as income?

MinhT · ‎June 1, 2019

If your brokerage account is an account where you trade stocks, withdrawals from that account are not income and you do not report them on your tax return. They are considered just like withdrawals from your bank account.

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MinhT · ‎June 1, 2019

If your brokerage account is an account where you trade stocks, withdrawals from that account are not income and you do not report them on your tax return. They are considered just like withdrawals from your bank account.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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If I withdraw any money from my Brokerage account do I have to file that as income earned or other income on my taxes this year?