If I take dividends and capital gains from an ira are they taxed as ordinary income

 
rjs
Level 15
Level 15

Get your taxes done using TurboTax

Yes. All money withdrawn from an IRA is treated the same.

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Get your taxes done using TurboTax

and may be subject to an early withdrawal penalty.

Get your taxes done using TurboTax

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.**