Solved: Do we have to report money in a IRA if we did not cash any out.

Do we have to report money in a IRA if we did not cash any out.

My husband has had these for a few years and I did not report them last year (our first year married). He doesn't add to them nor has cashed any out. Just wondered if they have to be reported on our taxes every year.

posted

No, you don't have to report the value of your IRAs each year. Only the actual contributions/distributions are reported.

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No, you don't have to report the value of your IRAs each year. Only the actual contributions/distributions are reported.

So basically I use this non us broker called kot4x. I'm tryna figure out how to do taxes for the stuff I trade. I use bitcoin on cash as money to Buy ans sell. How taxes?

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Do we have to report money in a IRA if we did not cash any out.

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