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If I take dividends and capital gains from an ira are they taxed as ordinary income
June 5, 2019
11:50 AM
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Yes. All money withdrawn from an IRA is treated the same.
June 5, 2019
11:50 AM
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and may be subject to an early withdrawal penalty.
June 5, 2019
11:50 AM
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And you cannot only take the earnings from an IRA. If a Traditional IRA all distributions are treated the same. If a Roth then distributions are according to the ordering rules with your own previous contributions distributed first, and earnings distributed last.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
June 5, 2019
11:50 AM