turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I take dividends and capital gains from an ira are they taxed as ordinary income

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

If I take dividends and capital gains from an ira are they taxed as ordinary income

Yes. All money withdrawn from an IRA is treated the same.

View solution in original post

3 Replies
rjs
Level 15
Level 15

If I take dividends and capital gains from an ira are they taxed as ordinary income

Yes. All money withdrawn from an IRA is treated the same.

If I take dividends and capital gains from an ira are they taxed as ordinary income

and may be subject to an early withdrawal penalty.

If I take dividends and capital gains from an ira are they taxed as ordinary income

And you cannot only take the earnings from an IRA.   If a Traditional IRA all distributions are treated the same.  If a Roth then distributions are according to the ordering rules with your own previous contributions distributed first, and earnings distributed last.
**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.**
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies