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Jacy
Jacy, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 568
Experience:  Nine years individual income tax preparation and consulting
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If a person makes a early withdrawal from a regular IRA are

Customer Question

If a person makes a early withdrawal from a regular IRA are the capital gains taxed at long-term capital gain rates if the investment has been held a year in the IRA.
Submitted: 5 years ago.
Category: Tax
Expert:  Jacy replied 5 years ago.

Hello,

 

Withdrawals from an IRA account are taxed at ordinary income tax rates. The income inside the IRA account from interest, dividends and capital gains is not reported or taxed.

 

Thank you for your question,

 

Jacy