If the fund is held in the IRA then the check should have been made out to your IRA and not to you if the IRA owned the fund. You should give it to your IRA custodian to be deposited in the IRA. It would not be a new contribution. Handled the same as a interest or capital gain within the IRA so nothing needs to be reported if deposited into the IRA account.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
