You'll need to sign in or create an account to connect with an expert.
All earnings (interest and dividends) on a qualified retirement account such as a SEP IRA are tax-deferred until they are distributed. You do not report this form 1099-INT on your tax return.
All earnings (interest and dividends) on a qualified retirement account such as a SEP IRA are tax-deferred until they are distributed. You do not report this form 1099-INT on your tax return.
Under no circumstances should your SEP-IRA custodian be issuing to you a Form 1099-INT related to investments in a SEP-IRA account. I would question whether or not this account is actually a SEP-IRA. Contact the custodian of the account to investigate the error by the custodian.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bmills83
New Member
erikaeriga
New Member
ganolan1940
New Member
Heidi_Marcum
New Member
LisaMiller1
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.