I share a Roth IRA account with my husband, we have not made any contributions or withdrawls for a few years now. Do we still need to report anything on our taxes?
We have not received a 1099 form from our Investment firm, if this helps? Not sure if we will even get one. I know we did gain an increase in value, but it wasn't due to a new contribution, which is why I'm confused as far as reporting it or not.
031340
1 Best answer
Bsch4477
Level 15
May 31, 2019 9:27:06 PM
Nothing to report if you made no contribution or withdrawal. I am puzzled by your reference to a shared IRA. Each of you should have your own.
3 Replies
Bsch4477
Level 15
May 31, 2019 9:27:06 PM
Nothing to report if you made no contribution or withdrawal. I am puzzled by your reference to a shared IRA. Each of you should have your own.
dmertz
Level 15
May 31, 2019 9:27:07 PM
As bsch4477 indicated, the Roth IRA belongs to only one of you. There is no such thing as a 'joint' IRA.
melindapekkala
New Member
May 31, 2019 9:27:09 PM
Thanks. Yes I was confused, thought it was a shared account but apparently only under husband's name.