The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: roth IRA||Date: 3/14/1999 11:31 PM|
|Author: TMFTaxes||Number: 12175 of 122089|
[[is it true that you don't have to pay any taxes on any capital gain you earn from
money that is already in a roth ira. Ex: use Roth IRA money to buy
stock....stock move up...sell. no tax on these earning? that just sounds like is too
good to be true!!!]]
It is only tax free if you follow the rules when you take the distributions from your Roth IRA. If your distribution is not "qualified", you'll pay tax on the earnings at the time of the distribution.
To read more about the Roth IRA rules, read my series of posts on that very issue in the Taxes FAQ area.
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