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katie46
New Member

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 Reply
MinhT1
Expert Alumni

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?

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.

 

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