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

[lowell302]

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,

[HelenaC · Accepted solution]

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.