A recent "ACA Cliff" thread got me thinking. I've never received a 1099 etc for dividends or CG's from either my or my DW's tIRA's. I suppose it's not "income" until I withdraw from it?
A recent "ACA Cliff" thread got me thinking. I've never received a 1099 etc for dividends or CG's from either my or my DW's tIRA's. I suppose it's not "income" until I withdraw from it?
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Joined
Jun 18, 2007
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Yep. The tIRA is a big black box with respect to taxes. What goes on inside that box (sales, CGs, dividends, etc) does not have any tax implications. What you take out of that box is taxed as regular income.