Solved: Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

posted

No. Earnings and growth inside an IRA are not reported, as an IRA is a tax-deferred account. You only report income when you literally take out money.

View solution in original post

No. Earnings and growth inside an IRA are not reported, as an IRA is a tax-deferred account. You only report income when you literally take out money.

Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.

Expert does your taxes

Do it yourself

Resources

Support

Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

Get more help

Ready to start your taxes?

Do you have a TurboTax Online account?

Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

Bank IRA, no contributions, interest earned $46.00, do I have to claim on taxes?

Get more help

Ready to start your taxes?

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert