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IRA withdrawal tax gain

TaxReturn747 — Mon, 09 Mar 2026 04:41:14 GMT

I sold some funds in my Traditional IRA.

I did a withdrawal and paid taxes on the withdrawal.

I received a 1099-R that showed the amount I withdrew and the taxes paid.

Entered this info on my 1040.

I then also received a 1099-R Gain/Loss Year End Summary Report that showed a LT and ST tax gain.

My question is do I include this Gain in my 2021 1040?

I did not receive any other 1099 (-R) that showed that any has or has not been reported like a

normal 1099 shows.

Re: IRA withdrawal tax gain

fanfare — Mon, 28 Feb 2022 11:59:37 GMT

Your activity ( buy/sell) is not reported for an IRA.

Such a report is for your information purposes.

Re: IRA withdrawal tax gain

Critter-3 — Mon, 28 Feb 2022 12:01:37 GMT

I received a 1099-R that showed the amount I withdrew and the taxes paid. Taxes were withheld not "paid".

I then also received a 1099-R Gain/Loss Year End Summary Report that showed a LT and ST tax gain. There is no such 1099-R form for an IRA ... if they sent you a year end statement showing the activity in the IRA account then this is purely informational. Stock sales inside an IRA are not entered on an income tax form.

Re: IRA withdrawal tax gain

TaxReturn747 — Mon, 28 Feb 2022 13:52:34 GMT

Thanks to both of you.

Appreciated the fast response.