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My 1099int shows the interest on my IRA its taxable. How should I handle this?
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My 1099int shows the interest on my IRA its taxable. How should I handle this?
IRA interest is not taxable until you take a distribution, and then it is reported on a 1099-R (not a 1099-INT).
@dmertz
@dmertz
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My 1099int shows the interest on my IRA its taxable. How should I handle this?
You shouldn't be receiving any Forms 1099-INT for investment held in an IRA. Contact the payer for an explanation.
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My 1099int shows the interest on my IRA its taxable. How should I handle this?
Report your 1099-INT under Wages & Income/ Interest on 1099-INT. (see sample screenshot below)
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