HelenaC
New Member

Retirement tax questions

No, you do not report the K-1 on your tax return.

  • Activity within an IRA account is reported to IRS by the fund Custodian, not IRA Owner. You get a copy of the K-1 for your records, just as you receive an information copy of Form 5498 (around May) each year. Both report what the custodian has already reported to the IRS.

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