topic Report interest income for SEP-IRA? in Retirement tax questions

Report interest income for SEP-IRA?

srok09 — Tue, 04 Jun 2019 20:11:50 GMT

I have a SEP-IRA account that my employer contributes to (I am not self-employed). I did not receive any tax documents from the bank but also, very little interest was made. Does this interest need to be reported on the Wages & Income > 1099-INT Interest Income section?

No. Your SEP-IRA account is a separate, tax-exempt, taxp...

RichardG — Tue, 04 Jun 2019 20:11:51 GMT

No. Your SEP-IRA account is a separate, tax-exempt, taxpayer. You do not report income earned by the IRA on your personal tax return. The only thing you'll ever report on your return is distributions from the account.