RobertB4444
Expert Alumni

State tax filing

Earnings inside of an IRA are not taxable.  Especially inside of a ROTH IRA.  You do not need to report the earnings on your tax return.  You will pay tax on everything in the traditional IRA when you take it out.

 

 

You may have to file a 990-T if you own a business inside your IRA.  Check with your investment counselor to see if you are required.

 

@kfsj 

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