Tax for sold mutual funds and stocks in non-retirement accounts.

Forum|Forum|5 years ago
February 23, 2021
2 replies
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Tax-residency --> Resident Alien
Immigration status --> F1 - OPT

Assume that I sold some mutual funds and stocks, however never withdrew money out of the brokerage account. Do I still need to pay taxes on the gain (note that I have not withdrawn the gain yet.) ? I re-invested the money sold and earned more on them.
Also, my broker has not sent me any 1099 form for these transactions. Please advice.

mglauner

If you had a Gain/Loss on the Sale of Stocks, you can report this in your return without a 1099-B.

However, if you can go into your brokerage account online, you may be able to print a 1099-B from their site, or at least a Brokerage Statement detailing the Sales Info.

Or, you may be able to import your financial info from your broker directly into TurboTax, if your broker is a TurboTax Partner. Click this link for info on How to Import Financial Transactions.

Whether you have withdrawn or reinvested the gain does not affect your reporting requirement.

Click this link for info on Reporting Stock Sales without a 1099-B.