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Investors & landlords
You would not answer Yes unless you had stock transactions in a non-retirement account. The transfer of your Roth from a bank to a brokerage is a trustee to trustee transfer. As long as the funds remained in a Roth IRA there is no tax reporting. Even if stocks or mutual funds were sold before you moved the account, transactions within a retirement account are not reportable for gains/loss purposes. You pay ordinary income on the withdrawals from Traditional IRAs. The Roth IRA is not subject to income tax unless you have not held the Roth for 5 years. And in that case, only the earnings in the Roth are taxable.
March 7, 2021
11:37 AM