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February 11, 2021
Question

IRA Fund Exchange

  • February 11, 2021
  • 1 reply
  • 0 views

Will the sale of a fund inside an IRA account generate a 1099?  The proceeds were left in a money market fund inside the IRA account.

    1 reply

    Spino
    Employee
    February 11, 2021

    No. Since the money in an IRA is tax-deferred or exempt (Roth), you won't get a 1099-B, -DIV, or -D. You will get a 1099-R if you withdraw money from the IRA.