DaveF1006
Expert Alumni

Business & farm

It depends.480.6c is a form issued in Puerto Rico for Dividends and Taxes withheld within an IRA.. According to awesome Turbo Tax agent JohnB5677, he states in this link  "Dividends earned in traditional IRAs are not taxed when they are paid or reinvested, rather retirement account withdrawals are taxed at one's current income tax rate when they are withdrawn. This includes foreign investments."

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