topic 1099-B From IRA in Investors & landlords

1099-B From IRA

rgschell — Wed, 31 Mar 2021 21:31:07 GMT

I received a 1099-B from a company coming out of bankruptcy previously owned in my IRA. I deposited all proceeds back to my IRA. Do I need to report this 1099-B, and if so how do I reflect no distribution at this time?

Re: 1099-B From IRA

macuser_22 — Wed, 31 Mar 2021 21:36:20 GMT

It should be in the name of your IRA. Give it to the IRA custodian. You should not receive - your IRA should.

Re: 1099-B From IRA

rgschell — Wed, 31 Mar 2021 21:43:59 GMT

The dilemma is I transfer my IRA while the company was in the process of reorg, not expecting any return. When I received the funds, I provided proof of previous IRA ownership to ETRADE(current IRA holder) and they transferred the funds in as an IRA rollover. 1099-B was received from COMPUTERSHARE which is where the shares were held while the company was recovering.