How to enter 2021 Schedule K1 from IRA

[rkuch4132]

Filing my 2021 taxes I received a Schedule K1 from my IRA stock Investment account. Must I or how do I enter the information, when so far I am only taking a Standard deduction? Again this is an IRA account where I am taking RMD.

[FangxiaL]

You probably don't need to report the Schedule K-1 on your return since it is issued from your IRA account. Keep the K-1 with your tax documents. 

Activity within an IRA account is reported to IRS by the fund Custodian, not IRA owner. 

Please refer to this help article to see if Unrelated Business Income (UBI) applies to your situation.

[rkuch4132]

Thank You So Much.