IRA withdrawal tax gain

[jl747]

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.

[fanfare · Accepted solution]

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

Such a report is for your information purposes.

[Critter-3 · Accepted solution]

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. 

[jl747]

Thanks to both of you.

Appreciated the fast response.