Yes! We will email you a 1099-R form, which lists any money you took out of your Qapital IRA the previous year. You will receive the 1099-R form by February 28 if you withdrew any money from your Qapital IRA.
Depending on your age and how much you withdrew, you may have to pay taxes on money taken from your IRA. Be sure to talk to your CPA or tax professional, or visit the IRS website to help determine how you should report this information to the IRS.
This information is for informational purposes only and is subject to change. It should not be considered legal or tax advice. Qapital does not provide legal or tax advice. If you have questions regarding your personal circumstances, please consult a tax or legal professional.