Talk of The Villages Florida - View Single Post - Capital Gains
Thread: Capital Gains
View Single Post
 
Old 02-12-2023, 04:24 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,483
Thanks: 3,061
Thanked 16,642 Times in 6,579 Posts
Default
Quote:
Originally Posted by tuccillo View Post
There aren't any capital gains for an IRA. You pay taxes when you cash in as ordinary income minus the basis, if applicable.
Correct. You get no benefit from the lower capital gains tax rates in an IRA. All gains are taxed at your ordinary income tax rate, but only when you take an IRA distribution.