Gains and losses within an IRA are not reportable. Only distributions from the IRA are reportable. Removing your own contributions are always tax free - gains removed are taxed as ordinary income if removed before age 59 1/2 - after 59 1/2 there is generally no tax.
**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.**
