i receive statements for money i can't touch yet?

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i receive statements for money i can't touch yet?

do i need to claim money made in mutual funds etc if they're set up as retirement funds?

2007-02-04 14:54:55 · 3 answers · asked by jop_lester 2 in Business & Finance ➔ Taxes ➔ United States

3 answers

If the funds are held within a tax qualified plan, such as an IRA, you don't; but if you received a 1099 for gains on transactions in those funds, either there's an error or they are not in a qualified plan. You need to get to the bottom of this prior to filing.

2007-02-04 15:26:37 · answer #1 · answered by Rob D 5 · 0⤊ 0⤋

No, gains in a qualified retirement plan accumulate without tax until you withdraw them.

2007-02-04 22:58:58 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋

Sure do

2007-02-05 14:47:51 · answer #3 · answered by whymewhynow 5 · 0⤊ 0⤋