I have an IRA will I receive a form?

simonschristina · ‎June 4, 2019

IsabellaG · ‎June 4, 2019

If you took a distribution from your IRA, you will receive a Form 1099-R, and you'll need to report it on your return.

Otherwise, you should receive an annual statement from the IRA custodian that will give you information about your contributions and the value of the IRA. You may be able to deduct your contributions to a traditional IRA. You don't have to report if you made the correct amount of Roth IRA contributions, but it's a good idea to enter them into TurboTax to compute any tax consequences, such as the Retirement Savings Credit.

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IsabellaG · ‎June 4, 2019

If you took a distribution from your IRA, you will receive a Form 1099-R, and you'll need to report it on your return.

Otherwise, you should receive an annual statement from the IRA custodian that will give you information about your contributions and the value of the IRA. You may be able to deduct your contributions to a traditional IRA. You don't have to report if you made the correct amount of Roth IRA contributions, but it's a good idea to enter them into TurboTax to compute any tax consequences, such as the Retirement Savings Credit.

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

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I have an IRA will I receive a form?