Investments in a traditional IRA grow tax deferred. That means that if your investment increases in value or pays dividends or interest throughout the year, then that increase in value, including the dividends/interest are not taxed while they remain in the IRA. Therefore, there is nothing to report on your tax return. However, when you withdraw amounts from your traditional IRA, then you may need to pay tax on the amount withdrawn. The tax you pay will depend in part on how much has already been taxed (any non-deductible IRA contributions will not be taxed) and your particular tax bracket.
If your investment is in a Roth IRA, the above information still applies, except with a Roth IRA, all funds withdrawn are not taxed at all.
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