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New Member
posted Jun 6, 2019 3:46:27 AM

Do the reinvested dividends and capital gains in my Roth IRA count as contributions to that IRA (for tax purposes)?

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1 Best answer
Intuit Alumni
Jun 6, 2019 3:46:28 AM

No, the beauty of an IRA is that it can grow tax free. The earnings are just growth, not a contibution.

3 Replies
Intuit Alumni
Jun 6, 2019 3:46:28 AM

No, the beauty of an IRA is that it can grow tax free. The earnings are just growth, not a contibution.

New Member
Jun 6, 2019 3:46:29 AM

thanks colleen, love ya!

Intuit Alumni
Jun 6, 2019 3:46:30 AM

Thanks, you made my day.