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astrodan
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Should a K-1 from stock held in a Sep be reported?

I received a K-1 from a company within a SEP IRA.  Should I include it in my Tax REturn.

 

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2 Replies

Should a K-1 from stock held in a Sep be reported?

Noooooo... what happens inside an IRA STAYS in the IRA.  Do NOT enter it on a tax return.  

Should a K-1 from stock held in a Sep be reported?

The K-1 should have been sent to the agency holding the SEP, and you need to give it to them.

 

In some cases, it may be taxable to the SEP.

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