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Author: BGauer Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: What to do then and now Date: 8/26/1999 6:21 PM
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Losses and gains within an IRA "don't matter". When you withdraw the money, it is considered ordinary income, unless it's in a Roth IRA established more than five years ago, in which case it is tax-free income.

There is an IRS form (sorry, I forget the number) that you file each year showing your contributions for the year, and your basis (tax-paid contributions total). KEEP these forms. Gains/Losses are not reported.

Hope this helps!

BGauer
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