You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
kyoung822
New Member
oleboyq03
New Member
rtgirly
New Member
nessa1614
New Member
Jharly883
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.