All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Esteemed Pioneer
Posts: 10
Registered: ‎02-23-2016

Received 1099-DIV for holdings in an IRA

I just received a 1099-DIV for dividends paid on a holding that is in an IRA.  Can I just ignore this, or do I need to contact the issuing Payer and have them correct this?

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Trusted Pioneer
Posts: 9
Registered: ‎02-13-2017

Re: Received 1099-DIV for holdings in an IRA

I would never ignore a 1099 I received if it shows the information is reported to the IRS and if it shows there are amounts to report.  If all of the money inside the IRA are tax deferred or exempt there should be nothing to report as taxable income.  If it shows taxable income I would want to know why and contact the issuer.