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New Member
posted Mar 11, 2022 3:20:35 AM

Do Schedule K-1 earnings in an IRA affect my individual tax return

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1 Replies
Expert Alumni
Mar 11, 2022 5:40:12 AM

No. Earnings inside of an IRA are not taxable until there is a withdrawal or a distribution. Your K-1 should be reporting only taxable income so be sure to review any documentation that may have come with it.