Is 1099-INT within an IRA reported?

Forum|Forum|7 years ago
June 5, 2019
3 replies
73 views

I received a 1099-INT and 1099-DIV from my IRA. I do not take any money from my IRA at this stage of my life. All interest and dividends are left in/reinvested. Do I need to report the 1099-INT and 1099-DIV on my Federal Income Tax?

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Best answer by Leonard11_2

No, you do not report Interest or dividends received within an IRA on your Federal Income Tax.

When you withdraw money from an IRA you will receive a Form 1099-R that will include all the money that's taxable.

Leonard11_2Answer

Level 10

No, you do not report Interest or dividends received within an IRA on your Federal Income Tax.

When you withdraw money from an IRA you will receive a Form 1099-R that will include all the money that's taxable.

joe858

Level 3

Thank you for this anwer. I have a TD IRA 5 year fixed rate CD,the bank send me a summary information paper and on bottom it say's summary for tax year 2021, but this is not a 1099-r or INT form form the bank. all it say's is (RTMT IRA PLAN) (TD IRA 5 Year Fixed Rate CD)! Contributions 0.00 , year-to- date ira withholding 0.00 , year- to date interst 272.40 , Distributions 0.00 , year to date state withholding 0.00! so for what i understand the reason i didn't recieve a 1099-r - or a int is because for this time know need to report yet is this right! unit i withdrawe or cash in correct?

Thank you for any more informtion you may i on this. please let me know Email is [email address removed]

DianeW777

Level 15

Yes, you are correct. There is nothing to report unless there is a withdrawal and then when that occurs the tax document you will receive is a Form 1099-R.

@joe858

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