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Arthur Rubin
Arthur Rubin, Tax Preparer
Category: Tax
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Experience:  22 years of tax preparation experience, including individual, trust, and estate returns.
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I have received a K1 form relating to profits made in an ETF

Resolved Question:

I have received a K1 form relating to profits made in an ETF last year but the fund was held in my IRA account. Must I include this in my 1040 return?
Submitted: 5 years ago.
Category: Tax
Expert:  Arthur Rubin replied 5 years ago.

Arthur Rubin :

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Arthur Rubin :

Anything that happens within an IRA is not reported. However, under some circumstances, a sale within an IRA can effect other returns; specifically, if you sell something at a loss outside an IRA and buy it in an IRA, it can trigger the wash sale rules.

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