Are Capital Gains From Stock Trades Inside An IRA Taxable?

We had an excellent question asked of us on a recent Tax Tuesday, and we felt it deserved its own video. So, are capital gains from stock trades inside an IRA taxable?
Well, in less than nine minutes, you will learn the answer to that question.
Jeff Webb, CPA, and Eliot Thomas, Esq. are here together to compile their insights to create an answer from two professional perspectives.
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#ira #capitalgains #stocktrading

[@TobyMathis]

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[@rednkfn]

20 secs and the entire video was covered. I love it.

[@PeteBuchwald]

Thanks for the info. Interesting about the LP + K-1. That especially caught my attention.

[@shaungorham1568]

Awesome, New Jersey.

[@WolverineTraining]

Can you clarify the dividend income coming from an IRA account. I moved money into a stock that pays quarterly dividends and I planned on paying the penalty because I’m not retired yet, and pulling the dividend as income.

[@JoshGtarsP]

Will I trigger a taxable event if I sell a stock that is in my Roth IRA, but that same stock is also in a taxable brokerage account? Thanks

[@somelineman1392]

Highly interested in having you guys help me set up my 501c3. What’s different between you guys and say, Harbor Conpliance? Thank you for any help!

[@TobyMathis]

Would you be interested in a free strategy session? During the call, we go over all the benefits of choosing Anderson and explain what we can do for you 👍andersonadvisors.com/ss/

[@dannyl6507]

@:56 Slight disadvantage? Uhmm... not quite.
Lets check the math with this example: Age 60, MFJ in 2024 and a $120K traditional IRA distribution with no other income. Taking $29,200 standard deduction, puts you in the 12% bracket with a tax bill = $10,432 since all traditional IRA distributions are taxed at ordinary rates.
Now take same scenario except change it to taxable account getting from funds from long term capital gains instead, and no other income. The same $120,000 puts you in the 0% income and 0% cap gains brackets with a tax bill = $0!
Why? the cap gain tax bracket for MFJ at 0% is just over $94k after subtracting the standard deduction.
If you still think that $10k is a "slight" difference you must have some deep pockets!