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New Member
posted Jun 1, 2019 8:08:56 PM

My 1099int shows the interest on my IRA its taxable. How should I handle this?

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3 Replies
Level 15
Jun 1, 2019 8:08:57 PM

IRA interest is not taxable until you take a distribution, and then it is reported on a 1099-R (not a 1099-INT).
@dmertz

Level 15
Jun 1, 2019 8:08:58 PM

You shouldn't be receiving any Forms 1099-INT for investment held in an IRA.  Contact the payer for an explanation.

Expert Alumni
Jun 1, 2019 8:08:59 PM

Report your 1099-INT under Wages & Income/ Interest on 1099-INT. (see sample screenshot below)