2007-10-17 09:44:23 · 3 answers · asked by a b 1 in Business & Finance ➔ Taxes ➔ United States
None. There's no difference in taxes on long or short term capital gains. If it's a Roth, you don't pay tax on the appreciation in either case. If it's a traditional IRA, withdrawals are treated as ordinary income so short or long term doesn't make any difference, there's no capital gains tax break.
2007-10-17 14:54:59 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
In a Roth... There are ZERO tax implications for capital gains of any kind. All gains in a Roth are tax free
In a traditional IRA... You will pay taxes when you withdraw after your retirement age... based on the amount you withdraw. All gains in a Traditional are tax deferred to when you withdraw the money. At that point withdrawals are treated as regular income.
2007-10-17 16:50:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You do not have to pay any taxes on capitol gains within an IRA. When you withdraw the funds in retirement, you will pay income tax on the withdrawls from a conventional IRA but not from a Roth IRA.
2007-10-17 16:51:19 · answer #3 · answered by npk 7 · 0⤊ 0⤋