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In 2016 I contributed 150 dollars to a roth IRA with USAA and now It's worth $152.36. Do I have to file this as taxable income? I'm young and just starting out.
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In 2016 I contributed 150 dollars to a roth IRA with USAA and now It's worth $152.36. Do I have to file this as taxable income? I'm young and just starting out.
No. Earnings within an IRA are not taxable income.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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In 2016 I contributed 150 dollars to a roth IRA with USAA and now It's worth $152.36. Do I have to file this as taxable income? I'm young and just starting out.
No. Earnings within an IRA are not taxable income.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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