My client's 2019 1099-DIV from his traditional IRA reports ordinary, qualified and capital gains dividends, all of which were reinvested. Does he need to report these? If so, what is the procedure?
Thanks for any help,
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I agree with Lisa.... I've never seen one either.
I *have* seen, especially in recent years, K-1's for IRA's. Which can be very confusing (and no, those don't get reported on the F 1040).
Ive seen a few of those IRA K-1s too!!
You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.
P.S. Look more closely at the 1099-DIV. If it has the SSN, it is NOT from an IRA.
Here's wishing you many Happy Returns