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February 27, 2022
Question

I received a 1099R and a 1099B for the same transaction which one should I file

  • February 27, 2022
  • 1 reply
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1 reply

February 27, 2022

To clarify your question, was stock sold to fund the 1099-R, or was this another type of transaction?

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February 21, 2024

I received a 1099R and a 1099B for the same transaction, box 1a ,1c, and 1d have entries, and box 5 is checked.

gross proceeds box is checked in box 6.

Doi need to just file the 1099R?

Thank you

February 21, 2024

It would be helpful if you could clarify your situation, and we'll try to help.

 

A 1099-R is issued for a Retirement Fund Distribution (like an IRA, 401K, etc.) and is normally taxable income.

 

A 1099-B is issued for a Stock/Investment Sale, and reports either a Gain or Loss on the sale.

 

Since these are very different documents for different transaction types,  you most likely need to enter both of them into your tax return.

 

@sirnetick