I invested some Roth IRA money in an ETF. The ETF sent me a schedule K-1 which shows income/losses/etc. Do I need to include the information on this K-1 in my taxes, or can I disregard because of the Roth IRA? thanks.
2007-03-21 15:19:20 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
All income is deferred inside the Roth, and you can't take losses until the proceeds are completely distributed.
So unless you have taken money out of the Roth, there is no entry on your tax return this year.
2007-03-21 21:48:22 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
If you are at least 5 years from needing the money I suggest putting some of it in the Vanguard Star fund. Low cost, well diversified. (Large, small and foreign stocks and bonds) The minimum initial investment is $1000. You can put in the minimum and then put the rest in a money market fund. Then set up to have some automatically exchanged into the Star fund each month. That was you can ease into the market
2016-03-28 23:04:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do not have to put on this yrs taxes - no
2007-03-21 15:38:28 · answer #3 · answered by vegas_iwish 5 · 0⤊ 0⤋