Do I have to claim my IRA Roth account. I used this account to purchase a mutual fund and purchased and sold stock with this account. I originally put it on my return but it was asking me for 1099 info which you dont get with IRA Roth. I just deleted it from my return and I lost about 500 dollars in return. Is this something that I should claim on my taxes because I was having a hard time getting it to work for me.
01559
1 Best answer
TomYoung
Level 13
Jun 6, 2019 3:58:49 AM
You don't enter activity inside an IRA - any IRA - in your income tax return.
You report contributions, you report distributions, but you don't report what goes on in the IRA itself.
Tom Young
1 Replies
TomYoung
Level 13
Jun 6, 2019 3:58:49 AM
You don't enter activity inside an IRA - any IRA - in your income tax return.
You report contributions, you report distributions, but you don't report what goes on in the IRA itself.