If some mutual funds were sold in my IRA and the money from the sale was used to purchase others in the IRA,is the sale taxable? Can I claim the reinvested money?

chanley48 · ‎June 6, 2019

Several mutual funds in my IRA were sold throughout 2017. All the money was reinvested in the same IRA. Do I need to report the sales? Can I claim all of the money reinvested?

MinhT · ‎June 6, 2019

All earnings (interst, dividends, capital gains/losses) in your IRA are tax-deferred and you do not report them on your tax return.

The money reinvested within your IRA is not counted as new contributions and you cannot "claim" it.

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View solution in original post

MinhT · ‎June 6, 2019

All earnings (interst, dividends, capital gains/losses) in your IRA are tax-deferred and you do not report them on your tax return.

The money reinvested within your IRA is not counted as new contributions and you cannot "claim" it.

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

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If some mutual funds were sold in my IRA and the money from the sale was used to purchase others in the IRA,is the sale taxable? Can I claim the reinvested money?