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D
duanejjackson
March 1, 2023
Question

1099-DIV

  • March 1, 2023
  • 2 replies
  • 0 views

Wife received income from investments that rolled over into the same traditional IRA, yet it reports on TurboTax as taxable income. How can I deduct this income since it was a rollover, not a distribution to her?

    2 replies

    M
    MinhT1
    March 1, 2023

    If this is a form 1099-DIV issued in the name of your IRA, you do not report it on your personal tax return.

     

    Earnings in IRA accounts are not taxed.

     

    If you entered that form 1099-DIV on your tax return, please delete it.

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    M
    Mike9241
    March 11, 2023

    the 1099-Div should have a different SSN/EIN than your own.

     

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