2007-08-23 15:52:14 · 4 answers · asked by JLS 1 in Business & Finance ➔ Taxes ➔ United States
When you take a distribution from the IRA it's at your regular tax rate for the year that you get the distribution, not long-term capital gains tax rate.
2007-08-24 04:28:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Ordinary income. The money you invested would have been taxed at ordinary income levels, but the gains, which could be 100% capital gains, will be taxed at ordinary income levels also.
2007-08-23 17:26:32 · answer #2 · answered by skipper 7 · 1⤊ 0⤋
Ordinary income when you withdras the money. Since you get the benefit of deferring taxes on the growth, you don't get the benefit of the special capital gains rate.
2007-08-23 16:18:03 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Ordinary income, even if all of the gain in the account is CG.
2007-08-23 16:08:17 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 0⤋