Do income dividends shown on my ROTH IRA statement for the year ending have to be reported...if so, what form?

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Do income dividends shown on my ROTH IRA statement for the year ending have to be reported...if so, what form?

These dividends are re-invested...I just want to do my own taxes and make sure I'm reporting everything correctly. Thanks for your help.

2007-02-15 08:01:08 · 3 answers · asked by Sandy0234 1 in Business & Finance ➔ Personal Finance

3 answers

They don't need to be reported because everything in your Roth IRA is tax-deferred. If you ever have to report something from a retirement account the fund company will send you a Form 1099-R.

2007-02-15 09:46:23 · answer #1 · answered by Contrarian 3 · 0⤊ 0⤋

all dividends & income in retirement accounts are non-taxable. Unless, you are making a withdrawal in a regular traditional IRA or 401k. Roth is tax free unless you are under 59.5.

2007-02-15 16:18:26 · answer #2 · answered by ricks 5 · 0⤊ 0⤋

All gains are tax free.

2007-02-15 16:06:05 · answer #3 · answered by Bayou Brigadier 3 · 0⤊ 0⤋