IRA and Schedule D - Do I have to fill a schedule D, if I trade only through my IRA account ?

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IRA and Schedule D - Do I have to fill a schedule D, if I trade only through my IRA account ?

2007-07-13 07:55:12 · 2 answers · asked by alexdv_71 1 in Business & Finance ➔ Investing

2 answers

Even though you are investing in stocks, bonds and mutuals funds in the IRA, when you withdraw any money it will be taxed as normal income (unless you had some non-deductible contributions) . IRA distributions have their own separate line on the 1040 different from Sched D

2007-07-15 16:46:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋

No. An IRA doesn't pay taxes. You pay taxes on IRA withdrawals as regular income. No Sched-D is ever involved.

2007-07-13 08:00:07 · answer #2 · answered by Ted 7 · 1⤊ 0⤋