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Kim-J-Wright
New Member

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

 
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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 All money withdrawn from an IRA is treated the same.

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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 All money withdrawn from an IRA is treated the same.

SweetieJean
Level 15

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.
macuser_22
Level 15

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.**
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