I just received a K-1 for both my IRA and Roth IRA. I don't even have a box 20V, only box 20A and 20B.
To recap what I understood from reading this thread: I don't need to report a K-1 issued to an IRA on my tax return but I need to reach out to my plan administrator and let them know and they will pay tax if any is due? Would anyone confirm to me that this is correct? I traded some ETFs in my account(s) and never realized they cause so much hassle!
Thanks!
