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    skitome1's Avatar
    skitome1 Posts: 1, Reputation: 1
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    #1

    Mar 13, 2013, 12:10 PM
    Is the sale of publicly traded limited partnership interests in an IRA taxable?
    Last year I sold interests in a publicly traded limited partnership that is held in an
    IRA account. Do I need to declare capital gains?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 13, 2013, 12:30 PM
    No, it's not taxable - assuming that the LP was held within the IRA, and the proceeds from the sale remain in the IRA, then it is not taxable. At least not yet - if this is a traditional IRA then when you take distrubution(s) you will pay ordinary income taxes on the gain in the account as well as your pre-tax contributions.
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