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June 6, 2019
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Is selling stocks and bonds the same as cashing out an IRA?

  • June 6, 2019
  • 1 reply
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Just want to know which turbo tax to use deluxe or premiere?
Best answer by AmyT

Generally, these are not the same transaction and you will receive different information forms to report the transactions.

The sale of securities (stocks and bonds) is reported on Form 1099-B.  

IRA withdrawals are reported on Form 1099-R.

1 reply

AmyTAnswer
Employee
June 6, 2019

Generally, these are not the same transaction and you will receive different information forms to report the transactions.

The sale of securities (stocks and bonds) is reported on Form 1099-B.  

IRA withdrawals are reported on Form 1099-R.