topic Do I need to report dividends that show up under the "nontaxable" tab in vanguard? in Get your taxes done using TurboTax

Do I need to report dividends that show up under the "nontaxable" tab in vanguard?

mseibel21 — Wed, 31 Mar 2021 00:12:53 GMT

The "taxable" tab is blank, but there's over $1000 in dividends and capital gains distributions on a Roth IRA listed in the "nontaxable" tab. I did not receive a 1099-DIV.

Re: Do I need to report dividends that show up under the "nontaxable" tab in vanguard?

DavidD66 — Wed, 31 Mar 2021 00:52:30 GMT

No. You do not need to report dividends or capital gains from stocks/mutual funds held in an IRA, Roth or Traditional.

Re: Do I need to report dividends that show up under the "nontaxable" tab in vanguard?

Opus 17 — Wed, 31 Mar 2021 01:08:18 GMT

With any IRA or a Roth IRA, everything that happens within the account has no tax consequences until you withdraw the money. Then, the money you withdraw is either taxable or not taxable, depending on the kind of account and whether you meet all of the rules for making withdrawals. You don’t keep track of gains or losses or dividends within the account, only the final amount of money that you withdraw when you withdraw it.