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I need some confirmation on the following:

It is my understanding that when one sells stocks that were purchased using one's IRA, that he/she does not have to pay capital gains, or any other kind of, taxes on the profit made on the sale. This way, one can actively trade and not be bound to keeping a stock for the minimum of one year before selling.

Thanks for confirming this for me. Also, if my statement is wrong, or needs to be clarified, I would appreciate any input along those lines.

Thanks in advance,
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