turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mseibel21
New Member

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

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.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DavidD66
Expert Alumni

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

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question