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

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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.

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Married Filling Jointly but wife has an expired ITIN. The federal and state returns for 2023 year were submitted with her expired ITIN and electronically accepted. Should I be worried about something, like losing my married status?

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

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

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