turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lowell302
New Member

Should I enter a K form from an investment in my traditional IRA in my tax return? If so where?

I received a K-1 for Ferrellgas which is held in my traditional IRA. I believe this should be non taxable. Do I have to enter it in my return,

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
HelenaC
New Member

Should I enter a K form from an investment in my traditional IRA in my tax return? If so where?

No, you do not report the K-1 on your tax return.

  • Activity within an IRA account is reported to IRS by the fund Custodian, not IRA Owner. You get a copy of the K-1 for your records, just as you receive an information copy of Form 5498 (around May) each year. Both report what the custodian has already reported to the IRS.

View solution in original post

1 Reply
HelenaC
New Member

Should I enter a K form from an investment in my traditional IRA in my tax return? If so where?

No, you do not report the K-1 on your tax return.

  • Activity within an IRA account is reported to IRS by the fund Custodian, not IRA Owner. You get a copy of the K-1 for your records, just as you receive an information copy of Form 5498 (around May) each year. Both report what the custodian has already reported to the IRS.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies