- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Unfortunately, there isn't a special tax break available for reinvesting IRA distributions in a non-retirement investment such as public or private securities.
Once you remove funds from a qualified retirement account, they lose any special tax treatment (other than if you made a qualifying rollover).
When you sell those shares, however, the amount you paid for them will count as their cost basis and will reduce the taxable gain on the sale.
January 26, 2021
9:32 AM