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I.R.A. ACCOUNT need more infromation?

Do I need to report stock transactions(from Roth IRA account) on tax return form? Thanks?

  • I am 30 years old, and just opened my Roth IRA account, if I used the money on my IRA to trade stocks, do I need to report the transactions on my tax return form? I think it is not necessary, since it is tax-free for capital gain, and no deduction for capital loss. I will keep all the money on my account till retirement. Thank you very much!

  • Answer:

    there is no requirement for reporting and a regular IRA since the taxable amount is determined at distribution instead of letting your IRA be managed by some institution, you are managing it yourself in the stock market, hopefully to earn more--good luck

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No, you don't report stock transactions within an IRA, Roth or traditional.

That is the beauty of the Roth. It is none of the governments business until you take the money out for retirement. /

The answer is NO. you are right, your money (after tax). The tricky thing is before 59 and 1/2. Your withdraw on earning is taxable, PRINCIPAL( no tax, your money). But after 59 and 1/2, everything in there is free for life.

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