1099-R Distribution to a bank CD Question Do I owe personal income taxes on a distribution I took from a financial company that was holding my retirement lump sum payment and I was losing alot of my funds from the market and so I took it out in mid-2009 and put it in a low interest-bearing CD at a bank. Do I pay taxes this year even though I re-invested the money in this CD almost immediately? I received a 1099-R from the financial company. |