I receive a 1099-B reporting on mutual fund investments that are part of tax sheltered 403-b.
Though the IRS receives the 1099-B from my financial consultant, should there be any tax implications on net profit/loss over the course of the past year?
As I've filled out the 1099-B section in turbo tax, the annual loss is impacting my taxes. I don't think it should
Any help?
If that form only reflected activity within a non retirement account it shouldn’t be entered in TurboTax. It is unusual to receive that form for a non retirement account. Maybe you should confirm with your financial person that does reflect only non taxable activity.
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