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Greetings, Jfkuzas, and welcome. You asked:

<<My question is: if I trade these stocks (not often) to take advantage of gains, what happens with capital gains? Will that effect me since this is an IRA?

What if I buy a stock and it gains 30 / 40 points in a few months, I then sell it, and reinvest the $$. How does the profit (otherwise capital gain) effect my IRA? Or, do I not have to be concerned about that until later, after retirement? >>

The gains have absolutely no affect when trades are made inside an IRA. Nothing is reportable for income tax purposes until you make withdrawals. On withdrawal, anything you take from a traditional IRA that has never been taxed before (i.e., deductible contributions and all earnings) will be taxed at the ordinary income tax rates in effect at that time. You may not use captial gains rates.

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