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March 8, 2024
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Do i need to report non taxable interest on a IRA in line 2a on Form 1040

  • March 8, 2024
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Best answer by VolvoGirl

No.  You only report IRA distributions or rollovers on a 1099R.  You don't report any transactions or interest and dividends, or buys and sells in IRA accounts.  

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VolvoGirl
VolvoGirlAnswer
Employee
March 8, 2024

No.  You only report IRA distributions or rollovers on a 1099R.  You don't report any transactions or interest and dividends, or buys and sells in IRA accounts.