topic reporting 1099-B loss in retirement accounts in Investing

reporting 1099-B loss in retirement accounts

NateHo — Tue, 10 Feb 2026 11:27:21 GMT

I receive a 1099-B reporting on mutual fund investments that are part of tax sheltered 403-b.

Though the IRS receives the 1099-B from my financial consultant, should there be any tax implications on net profit/loss over the course of the past year?

As I've filled out the 1099-B section in turbo tax, the annual loss is impacting my taxes. I don't think it should

Any help?

Re: reporting 1099-B loss in retirement accounts

Bsch4477 — Sat, 17 Feb 2024 16:58:00 GMT

Losses or gains in a retirement account should not be reported on your return since they are non taxable events.

Re: reporting 1099-B loss in retirement accounts

NateHo — Sat, 17 Feb 2024 17:08:33 GMT

Thanks for your help.

Does that mean I should NOT report on turbotax the 1099-B that I received from my financial advisor?

Re: reporting 1099-B loss in retirement accounts

Bsch4477 — Sat, 17 Feb 2024 17:16:44 GMT

If that form only reflected activity within a non retirement account it shouldn’t be entered in TurboTax. It is unusual to receive that form for a non retirement account. Maybe you should confirm with your financial person that does reflect only non taxable activity.