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I've been entering info from a Schedule K-1 that's in my IRA account, and I don't think I need to Enter it, or the one that's in my wife's Ira account ...Correct?

 
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AmyT
New Member

I've been entering info from a Schedule K-1 that's in my IRA account, and I don't think I need to Enter it, or the one that's in my wife's Ira account ...Correct?

If these are owned by your IRA (look at the EIN to whom to K-1 was issued), you do not include the K-1s on your personal tax return.

Additionally, there are no filing requirements for the IRAs.

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1 Reply
AmyT
New Member

I've been entering info from a Schedule K-1 that's in my IRA account, and I don't think I need to Enter it, or the one that's in my wife's Ira account ...Correct?

If these are owned by your IRA (look at the EIN to whom to K-1 was issued), you do not include the K-1s on your personal tax return.

Additionally, there are no filing requirements for the IRAs.

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