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Level 1
posted Oct 22, 2025 9:17:33 AM

Rollover IRA question

I have a CD in a Rollover IRA, that will mature soon.

Will the proceeds be counted as a distribution (where I'll have to pay taxes on the gain), or will the proceeds still be in the rollover IRA? (so I don't have to report this on my tax return)

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1 Best answer
Level 15
Oct 23, 2025 9:38:06 AM

While we can't know the exact details of your arrangement, it is almost always the case that if you buy, sell or cash out an asset held in an IRA, the cash stays in the IRA for you to invest again.  As long as you don't withdraw the money, there are no taxes to you when the CD matures, and you have the choice of leaving it as cash or investing it in a new CD or something else, as long as you keep it inside the IRA.  

3 Replies
Level 15
Oct 22, 2025 5:44:53 PM

There are no tax implications for a transaction that is within the IRA. 

Level 15
Oct 23, 2025 9:38:06 AM

While we can't know the exact details of your arrangement, it is almost always the case that if you buy, sell or cash out an asset held in an IRA, the cash stays in the IRA for you to invest again.  As long as you don't withdraw the money, there are no taxes to you when the CD matures, and you have the choice of leaving it as cash or investing it in a new CD or something else, as long as you keep it inside the IRA.  

Level 1
Oct 23, 2025 10:11:05 AM

Thanks for your answers.

I was thinking if I don't touch the money after the CD matures, I wouldn't have any tax liability, but just wanted to get confirmation from Intuit.

BTY, the CD matures 10/27/25.