Guest Dawn Thomas Posted March 10, 2001 Posted March 10, 2001 I opened a Roth IRA in Jan. 2000. Do I have to report interest made on it to the IRS on my federal tax return?
BPickerCPA Posted March 11, 2001 Posted March 11, 2001 No. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
John G Posted March 11, 2001 Posted March 11, 2001 And, no reporting of capital gains. The concept of long term vs short term capital gains has no meaning within a Roth since there are no tax consequences. Keep records for your own purposes since buy/sell transactions are not reported on your tax return.
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