Solved: Do I need to list my Mutual Fund - IRA on my taxes. I reported it when I initially converted from my 401k into my Mutual Fund IRA. I don't make contributions to it.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Do I need to list my Mutual Fund - IRA on my taxes. I reported it when I initially converted from my 401k into my Mutual Fund IRA. I don't make contributions to it.

 
1 Best answer

Accepted Solutions
Level 6

Do I need to list my Mutual Fund - IRA on my taxes. I reported it when I initially converted from my 401k into my Mutual Fund IRA. I don't make contributions to it.

No. All earnings on your IRA are tax-deferred and are not reported on your tax return. If you did not contribute and did not withdraw from your IRA in 2018, there is nothing to report.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
Level 6

Do I need to list my Mutual Fund - IRA on my taxes. I reported it when I initially converted from my 401k into my Mutual Fund IRA. I don't make contributions to it.

No. All earnings on your IRA are tax-deferred and are not reported on your tax return. If you did not contribute and did not withdraw from your IRA in 2018, there is nothing to report.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Dynamic Ads
v
Privacy Settings