When I start taking IRA distributions after age 59 1/2 are those distributions taxed simply as income, or do I have to pay short term capital gains for all the short term gains taken over the life of the IRA? How does that work? Please excuse my ignorance on this!! You may e-mail me directly if you wish at MRich61661@cs.comThe distributions are taxed the same way wages are on your tax return. No long or short term gains. Just 100% of distributions tax at regular income tax rates.
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