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I-mYourTurboWhatter
New Member

Do the reinvested dividends and capital gains in my Roth IRA count as contributions to that IRA (for tax purposes)?

 
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Accepted Solutions
Coleen3
Intuit Alumni

Do the reinvested dividends and capital gains in my Roth IRA count as contributions to that IRA (for tax purposes)?

No, the beauty of an IRA is that it can grow tax free. The earnings are just growth, not a contibution.

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3 Replies
Coleen3
Intuit Alumni

Do the reinvested dividends and capital gains in my Roth IRA count as contributions to that IRA (for tax purposes)?

No, the beauty of an IRA is that it can grow tax free. The earnings are just growth, not a contibution.

View solution in original post

I-mYourTurboWhatter
New Member

Do the reinvested dividends and capital gains in my Roth IRA count as contributions to that IRA (for tax purposes)?

thanks colleen, love ya!
Coleen3
Intuit Alumni

Do the reinvested dividends and capital gains in my Roth IRA count as contributions to that IRA (for tax purposes)?

Thanks, you made my day.
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