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BostonTeaParty
Returning Member

Philadelphia School Income Tax

Philadelphia requires a school income tax to be paid for unearned income such as stock dividends.  If those dividends are generated within a Roth IRA or Traditional IRA can they be excluded as income?

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3 Replies

Philadelphia School Income Tax

TT does not support the  Philadelphia School Tax, so please contact the Philadelphia tax authorities.

Philadelphia School Income Tax

you don't get a 1099-DIV for IRAs, and that is how it is excluded.

BostonTeaParty
Returning Member

Philadelphia School Income Tax

Of course.  I read to much into it.  Thanks.

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