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New Member
posted Apr 13, 2025 12:22:07 PM

we got a 1099b for cash that was set aside in an account for a month. It was put there temporarily before it was deposited in an ira. how do we enter this?

on paper it looks like we bought cash, then sold cash. where do we enter this?

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1 Replies
Expert Alumni
Apr 13, 2025 12:24:13 PM

There is no capital gain or loss with this transaction and you do not need to enter it on your tax return. In fact, you should not receive a 1099-B for this.