IRA Account Dividends Taxable?

saabram · ‎June 4, 2019

If they are not taxable how do i characterize them in TT? I imported from the brokerage account but it looks like I am paying taxes on Dividend I am reinvesting.

macuser_22 · ‎June 4, 2019

What type of form did you receive?

IRA's only report distributions on a 1099-R.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Bsch4477 · ‎June 4, 2019

Any activity within the IRA should not be reported on your return. Only distributions from the IRA are reported.

saabram · ‎June 4, 2019

Should I see this in Box 10-Tax Exempt interest? Nothing imported in that box.

Bsch4477 · ‎June 4, 2019

If you received a divided in your IRA you should receive nothing and report nothing.

IRA Account Dividends Taxable?