Short term holding in an IRA
Hello All,
I have a stock I bought less than a year ago in a t-IRA. If I sell it now, will I be taxed at the short-term capital gain rate in any way? Thank you! ~Erika
Hello All,
I have a stock I bought less than a year ago in a t-IRA. If I sell it now, will I be taxed at the short-term capital gain rate in any way? Thank you! ~Erika
Permalink Submitted by Alan - IRA critic on Fri, 2022-02-11 02:30
No. There are no capital gains or losses in an IRA. You only owe taxes if you pull money out of the IRA. You can trade as much as you like within the IRA with no current tax considerations. There are also no current taxes on dividends issued on IRA holdings as long as those payments stay in the IRA.