(How) do I report sale of stock from within an Inherited IRA?

[emeraldbeacon]

I inherited an IRA from my father when he passed away about 8 years ago.  Last year was the first time I needed to sell stock from it, to cover the minimum required distribution. 

Now, I'm not a finance person, so I don't know a lot about it, but I thought I would need to report capital gains/losses from the account.  I'm not sure how I should go about entering that, though, or if I even need to, given the nature of this account (Inherited IRA)?

[rjs · Accepted solution]

You do not report capital gains or losses within an IRA. You only report distributions when you take money out of the IRA. You get a Form 1099-R for the distributions, showing the amount that you took out.

[emeraldbeacon]

I did get a 1099-R for that account, and input everything accordingly.  Glad to hear that the gains/losses aren't taxed twice over!  Thanks for the help.