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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.
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