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Level 1
October 16, 2023
Solved

Do I need to report traditional IRA and ROTH IRA reinvested dividends as "contributions" in TurboTax?

  • October 16, 2023
  • 1 reply
  • 8 views
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Best answer by rjs

Expert Reviewed

No. Dividends from securities held in an IRA (traditional or Roth) that are reinvested within the IRA are not contributions. You do not report the dividends on your tax return. You should not have received a Form 1099-DIV for dividends within an IRA.

 

1 reply

rjs
Level 15
rjsLevel 15Answer
Level 15
October 16, 2023

Expert Reviewed

No. Dividends from securities held in an IRA (traditional or Roth) that are reinvested within the IRA are not contributions. You do not report the dividends on your tax return. You should not have received a Form 1099-DIV for dividends within an IRA.