The National Directory of Certified Public Accountants

Ask A CPA - Mutual Funds

How Do I Determine The Taxable Capital Gains On My Mutual Funds That Are Included In My IRA?

The good news is that you don't need to compute your gains or losses on mutual funds that are held in an IRA. The bad news is all distributions from deductible IRAs are taxable- as ordinary income - in the year of the distribution. There is no capital gain treatment for gains on investments in an IRA.

If you need professional help with "Mutual Funds" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.