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    jsduke's Avatar
    jsduke Posts: 1, Reputation: 1
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    #1

    Feb 23, 2009, 10:12 AM
    IRA account
    I have a IRA account. I received an Statement for 2008 showing me my balance and the interest credited in my account. I did not make contribution for 2008. My question is: If I Didn't make contribution for 2008. Do I still have to put my IRA information in my 2008 taxes? Where goes this information? In what line of the 1040?
    KISS's Avatar
    KISS Posts: 12,510, Reputation: 839
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    #2

    Feb 23, 2009, 10:28 AM

    If not collecting IRA's, then no. Mandatory withdrawals start at 70 1/2.

    Values that are needed then are:
    1) Value of IRA's on Dec 31
    2. Withdrawals/contributions and taxes withheld.

    3a) Rollover amounts

    For both time frames (3a) and contributions.

    If any taxes are withheld, then the 1099 needs to be attached.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Feb 23, 2009, 12:19 PM
    Quote Originally Posted by jsduke View Post
    My question is: If I Didn't make contribution for 2008. Do I still have to put my IRA information in my 2008 taxes? Where goes this information? in what line of the 1040?

    No - nothing to report.
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