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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!

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