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February 24, 2025
Question

Turbo Tax incorrectly accounting for IRA dividends/interest?

  • February 24, 2025
  • 1 reply
  • 0 views

In the income section, TurboTax asks for income figures from my 1099-DIV and 1099-INT (block 1a), but I don't see where it differentiates if it's from an IRA.  Did I miss something?

    1 reply

    fanfare
    Employee
    February 24, 2025

    You won't get any DIV or INT statements from an IRA.

     

    Report any such tax documents sent to you on your tax return.

     

    @skylark2492 

    February 26, 2025

    I took a closer look at the statement.  It turns out the 1099 was for my money market acct, which is managed by the same company that handles my IRA.  Thanks.