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JO4
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How are withdrawals from brokerage accounts taxed and how do I report them in TT? Many thanks.

I had no employment income in 2019 and instead paid my expenses from a brokerage account, withdrawing a total of 100K.  How are these taxed? What info about them do I need to include on my return? Do I need to report any information other than what's included on the 1099 forms I've received?  Many thanks.
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How are withdrawals from brokerage accounts taxed and how do I report them in TT? Many thanks.

Yes you have to enter all the 1099.   Was it from personal broker accounts or from tax deferred retirement accounts like a 401K or IRA?

 

For personal accounts you should get a 1099B, 1099Int, and 1099Div.  Maybe it will be on a consolidated 1099 statement. You have to enter all the 1099s.  If you get a consolidated statement. That will have sections for 1099-Int and 1099-Div and 1099B. You need to enter each section in the right place.  So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales.

 

For 401K, IRA or retirement accounts you will get a 1099R.  

 

You may may be able to import all the forms.  How to import your 1099

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-1099/00/26254

How are withdrawals from brokerage accounts taxed and how do I report them in TT? Many thanks.

did you withdraw cash ?

you don't report a withdrawal of cash from your brokerage on your tax return.

IRS is not interested  (except in the case of tax deferred accounts}.

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