If I take money out of my roth ira does that mean I also sold an investment?

posted

It might mean that you sold an investment to generate the cash to be able to take the Roth IRA distribution, but it is not a transaction that you report on your tax return if the investment was held within the Roth IRA.

You only report the sale of an investment that is held in a taxable account, not a tax-advantaged one such as an IRA. You would also receive a Form 1099-B to use to report the sale of an investment on your tax return.

@willx-smith92

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"