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Richard, Attorney
Category: Business Law
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Experience:  32 years of experience practicing law and a businessman.
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Within an IRA context, ROTH, TRAD., or Contributory; Do I have

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Within an IRA context, ROTH, TRAD., or Contributory; Do I have any tax implications when I sell one Mutual fund at a profit and by another mutual fund? I have recently sold shares of more high risk funds and bought less risky funds. I am reinvesting both dividends and profits back into my IRA. I am still several years from retirement and will not be withdrawing any money until that time. Do these sales and buys need to be reported to the IRS?

Good morning. As long as these sales are all occurring within your retirement account, whatever kind of IRA it is, you have no need to report any of the sales. These are accounted for within the IRAs by the custodian of your IRAs and are not reported by you, or taxed to you, individually.



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