Investment and Finance
The most frequently asked tax questions related to Investment and Finance
How do I determine the taxable capital gains on my mutual funds that are included in my IRA?
Asked Thursday, August 03, 2000 by an anonymous userCPA Answer:
The good news is that you don't need to compute your gains or losses on mutual funds that are held in an IRA. The bad news is all distributions from deductible IRAs are taxable- as ordinary income - in the year of the distribution. There is no capital gain treatment for gains on investments in an IRA.
