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    catonsville's Avatar
    catonsville Posts: 894, Reputation: 91
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    #1

    Mar 12, 2015, 10:02 AM
    Another IRA Question
    Was going to pull up my IRA Question from Oct 2014 but decided to make a new question.

    I know the rules for IRA are different.

    In my IRA account, I have some stocks with Gains and some with a loss. If I sell a loser and one with a gain can I offset the cap. Gains ?

    PS I also say that the set up for asking a question is messed up and needs for the
    Owner of this site to check in to it.
    ebaines's Avatar
    ebaines Posts: 12,130, Reputation: 1307
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    #2

    Mar 12, 2015, 10:37 AM
    The thing about IRAs is that there really is no capital gains to worry about. When you make a withdrawal you are taxed on the market value of the withdrawal, less any after-tax contribution(s) that may have funded the account. So there is no accounting of stock gains or losses at all.
    catonsville's Avatar
    catonsville Posts: 894, Reputation: 91
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    #3

    Mar 12, 2015, 12:24 PM
    Quote Originally Posted by ebaines View Post
    The thing about IRAs is that there really is no capital gains to worry about. When you make a withdrawal you are taxed on the market value of the withdrawal, less any after-tax contribution(s) that may have funded the account. So there is no accounting of stock gains or losses at all.
    Thanks EB, I was thinking along those lines but wanted to be sure. Sure would be extra nice if there was a way to recover losses in an IRA.
    ebaines's Avatar
    ebaines Posts: 12,130, Reputation: 1307
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    #4

    Mar 12, 2015, 12:33 PM
    Agreed. It's one of the reasons why in general the types of investments that you put into an IRA should be those generate income (like corporate bonds and dividend stocks), and leave the non-dividend payimg growth stocks in a taxable account.
    catonsville's Avatar
    catonsville Posts: 894, Reputation: 91
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    #5

    Mar 12, 2015, 12:55 PM
    Quote Originally Posted by ebaines View Post
    Agreed. It's one of the reasons why in general the types of investments that you put into an IRA should be those generate income (like corporate bonds and dividend stocks), and leave the non-dividend payimg growth stocks in a taxable account.
    I am a dividend lover for sure, but sometimes you get caught buying a bad one and there is also the time when a company goes private on you.

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