PR 4806C form received...now what???

[katzspur]

Good morning. 

I was informed by my investment company that I have two PR4806C forms available for my taxes.  I've never received them before so I'm unclear as to what to do with the info.  

I checked my year end brokerage statement and I don't see the dividend amounts listed there or any foreign  taxes being withheld for the two accounts.   Just to be certain, I also checked the 1099-CON forms for my taxable accounts and the amounts are not listed there either. 

Since these forms are related to traditional IRAs (2 separate ones), I'm assuming that I don't need to report the dividends on my 2022 US tax return - correct?

I know Turbo Tax doesn't file with Puerto Rico, but is there anything I should be filing with Puerto Rico? 

[MinhT1 · Accepted solution]

Form 480.6C is intended for non-residents of Puerto Rico. It covers investment income that has been subject to Puerto Rico source withholding. This form is for information only.

If these forms are in relation to your Traditional IRAs, please note that any income within your IRA accounts is not reportable.

No action is necessary.