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March 13, 2025
Question

Do I have to add K-1 to my return if the type of entity in box i1/i2 are for IRA?

  • March 13, 2025
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1 reply

March 13, 2025

I believe what you mean is the entity is a partner and the income is for investments in an IRA. If so, then you don't need to enter the K-1 schedule, as income from investments in IRA's are not taxable or reportable on your personal tax return until you take a distribution from the IRA.

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