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Hello,
Hope someone here can help. A month ago I got one of those scary letters from the IRS...you know, "Official Business." It said I failed to report almost $300,000 from CREF that resulted from a "sale of securities." Whoa!!!
Took to my tax guy and he helped do a response that actually got me a small refund as I had moved some funds from one account to another after some loses in mutual funds.
What I do not understand is "What the heck happened?" I have moved funds in Tiaa-Cref for years and never got a 1099. I have never drawn out a dime as of yet.
I am now scared to move any $$ from one fund to another.
This $$ has all been either 403b or Supplemental Funds (SRAs) that I put in for the over 50 y/o crowd. I "maxed out" my contributions that could be tax deferred during the mid to late 90's until I partially retired 2 years ago....
Help me to understand what funds in a totally tax deferred account can still generate a 1099 if moved from one account to another...Is it possibly the money that went in as SRA vs. 403B??
Thanks for any input...Ted
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Ted
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