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Jimhpadgett
New Member

I sold 1 stock in my Traditional IRA in 2016 and I have not taken any distributions from the IRA. It is classified as a "Short-term gain. Am I correct that since I did not receive a 1099-B that this is not a reportable event and would only be taxed when I

 
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macuser_22
Level 15

I sold 1 stock in my Traditional IRA in 2016 and I have not taken any distributions from the IRA. It is classified as a "Short-term gain. Am I correct that since I did not receive a 1099-B that this is not a reportable event and would only be taxed when I

Gains and losses within a IRA and not reported anywhere.    That is an advantage of a IRA - investments can grow tax free.   The only time a IRA gets reported is when a new contribution or distribution is done.

**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.**

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2 Replies
macuser_22
Level 15

I sold 1 stock in my Traditional IRA in 2016 and I have not taken any distributions from the IRA. It is classified as a "Short-term gain. Am I correct that since I did not receive a 1099-B that this is not a reportable event and would only be taxed when I

Gains and losses within a IRA and not reported anywhere.    That is an advantage of a IRA - investments can grow tax free.   The only time a IRA gets reported is when a new contribution or distribution is done.

**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.**
dmertz
Level 15

I sold 1 stock in my Traditional IRA in 2016 and I have not taken any distributions from the IRA. It is classified as a "Short-term gain. Am I correct that since I did not receive a 1099-B that this is not a reportable event and would only be taxed when I

Also, investments in an IRA are not subject to capital gains treatment.  The holding period of the investment within the IRA is irrelevant.
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