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daviecrocket1110
New Member

If I had stock in my ira and I sold some can I do the capital gains and loss to get the taxable amount down?

 
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TomYoung
Level 13

If I had stock in my ira and I sold some can I do the capital gains and loss to get the taxable amount down?

NO.

You report contributions to the IRA, you report distributions from the IRA but not what goes on inside the the IRA. 

Tom Young

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1 Reply
TomYoung
Level 13

If I had stock in my ira and I sold some can I do the capital gains and loss to get the taxable amount down?

NO.

You report contributions to the IRA, you report distributions from the IRA but not what goes on inside the the IRA. 

Tom Young

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