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Level 1
posted Feb 12, 2023 6:22:34 PM

Roth IRA

My husband and I both have Roth IRA accounts.  We received a 2022 IRA Fair Market Value and 2023 Required Minimum Distribution Statement.  Where do I enter this information on our taxes?  It only asked me to enter in our 2022 Roth IRA contributions.

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1 Replies
Employee Tax Expert
Feb 12, 2023 7:11:43 PM

You do not need to enter your IRA Fair Market Value or your 2023 Required Minimum Distribution Statement.  They are for your information only.  When you take a distribution, you will receive a Form 1099-R that you will need to report on your taxes.