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New Member
posted Jun 3, 2019 1:29:03 PM

Should i get a 1099-r for dispersement from a post tax account?

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1 Best answer
Level 15
Jun 3, 2019 1:29:08 PM

Both Roth or Traditional withdrawals should generate a 1099R to be issued to you.

1099R's don't have to be mailed until today (1-31-2019), but I would call whoever issued you the money to see if a 1099R is coming.

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If this is just a taxable account you opened somewhere, and any interest or dividends earned is taxed each year, then you will not get a 1099R for taking money out and it does not show on the tax return.

Only sales of assets would be reported in addition to yearly interest and dividends

4 Replies
New Member
Jun 3, 2019 1:29:04 PM

The sentence, "If this is just a taxable account you opened somewhere, and any interest or dividends earned is taxed each year, then you will not get a 1099R for taking money out and it does not show on the tax return." is what I was looking for.  But I don't understand the sentence, "Only sales of assets would be reported in addition to yearly interest and dividends."  Can you clarify this sentence?

Level 15
Jun 3, 2019 1:29:05 PM

OK, for example I opened a taxable account (non-retirement account) at Schwab.  I take money out and put money in (no tax impact), I earn a small amount of interest that is taxed each year, and once in a while I will buy and sell a stock.  If the sale takes place in 2018, then the sale goes on my 2018 tax return.

Let me know if this clears this up

New Member
Jun 3, 2019 1:29:06 PM

Yes.  Got it.  I understand.  Thanks and I appreciate it.

Level 15
Jun 3, 2019 1:29:08 PM

Both Roth or Traditional withdrawals should generate a 1099R to be issued to you.

1099R's don't have to be mailed until today (1-31-2019), but I would call whoever issued you the money to see if a 1099R is coming.

----

If this is just a taxable account you opened somewhere, and any interest or dividends earned is taxed each year, then you will not get a 1099R for taking money out and it does not show on the tax return.

Only sales of assets would be reported in addition to yearly interest and dividends