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Get your taxes done using TurboTax
If you received interest from an investment that is already inside a qualified retirement account, it's not taxable. You don't pay any tax on qualified retirement plans until you withdraw money, which is taxable at that time.
If you received interest income from an investment that is outside a qualified plan, that interest is taxable when paid, no matter what you do with the money after.
‎August 13, 2023
10:23 AM
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