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WHere do I enter a settlement distribution for an IRA fund payment?

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6 Replies

WHere do I enter a settlement distribution for an IRA fund payment?

Explain what you mean?   How is it reported to you?  Is it a check made out to your IRA?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
dmertz
Level 15

WHere do I enter a settlement distribution for an IRA fund payment?

Was this a settlement payment made with regard to an investment held within your IRA, say, resulting from a class-action lawsuit?

WHere do I enter a settlement distribution for an IRA fund payment?

Check made out to me - $72 

breakdown is “fee component” ($45.17), “foregone appreciation component” ($22.62) and “interest component” ($4.23)

WCD2127
Returning Member

WHere do I enter a settlement distribution for an IRA fund payment?

Yes

WCD2127
Returning Member

WHere do I enter a settlement distribution for an IRA fund payment?

The settlement payment was sent directly to IRA and not directly to me

MinhT1
Expert Alumni

WHere do I enter a settlement distribution for an IRA fund payment?

@WCD2127

 

If the settlement is sent directly to your IRA account, you do not need to report it on your personal tax return.

 

All transactions on your IRA are tax-deferred.

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