My wife and I rolled funds from our joint stock portfolio into our individual IRA's. Do I report this as contributions to the traditional IRA's?

[Anonymous]

I also received a 1099-B that reflected that sale.

[dmertz]

Since you received a Form 1099-B, what apparently happened is a sale of the stock in your brokerage account, a regular contributions of cash to the IRAs using the proceeds of the stock sale, then perhaps a repurchase of the stock inside the IRAs.  Under these circumstances, if you had a loss on the sale of the stock and  repurchased substantially identical shares were repurchased in the IRAs within 30 days, you created a wash sale and the capital loss can never be realized because the repurchase was in an IRA.

Assuming that what I suggested is what actually happened, yes, you would report the cash amount contributed to each IRA as a regular contribution.  The stock sale reported on the Form 1099-B also needs to be reported on your tax return.

[macuser_22]

This assumes that the amount contributed does not exceed the contribution limit and you also had taxable compensation that was more then the total contributions.

The most you can contribute to all of your traditional and Roth IRAs is the smaller of:

For 2018, $5,500, or $6,500 if you’re age 50 or older by the end of the year; or
your taxable compensation for the year.
For 2019, $6,000, or $7,000 if you’re age 50 or older by the end of the year; or
your taxable compensation for the year.

(Taxable compensation is generally wages that you worked for - W-2 or net self-employed income minus the deducible part of the SE tax, but can include commissions, alimony and separate maintenance, and nontaxable combat pay ).

See IRS Pub 590A "What is compensation" for details:
https://www.irs.gov/publications/p590a#en_US_2018_publink1000230355