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February 22, 2025
Question

in my traditional ira the dividends were used to purchase insured money market account. they did not send me a 1099 div do i list the money as a contribution?

  • February 22, 2025
  • 1 reply
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    1 reply

    February 22, 2025

    No, money that is earned within the Traditional IRA account is simply earnings.  These earnings are still tax-deferred and are not included as part of your income tax return until you take a distribution from the account.  You do not need to report this on your return.  

     

    It is also not counted as a contribution to the IRA account, so there's also nothing to report in that section of your return.

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