[[Hello...I am managing my own Roth IRA that I converted with of Fooldom. I know about the income tax part of this, but want to know if any capital gains taxes or any other taxes apply to money made by any trades...Thanks, in advance...Dan]]As long as all of the trades remain within the IRA, there are no taxes to pay and no reporting to make. You'll be taxed on your distributions from your IRA (or not taxed on your Roth distributions if the distributions are qualified). But the "type" of income within the IRA is meaningless. One of the nice things to trading inside your IRA account...either Roth or traditiona.You can read more about the Roth IRA issues in the Taxes FAQ area.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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