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Explain what you mean? How is it reported to you? Is it a check made out to your IRA?
Was this a settlement payment made with regard to an investment held within your IRA, say, resulting from a class-action lawsuit?
Check made out to me - $72
breakdown is “fee component” ($45.17), “foregone appreciation component” ($22.62) and “interest component” ($4.23)
Yes
The settlement payment was sent directly to IRA and not directly to me
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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