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I'm sure this is a dumb question to most ... nonetheless, I proceed ...

Are you charged Capital Gains Tax on each sale of an individual stock? Or, is it only when you cash in from your overall trading account? I figured it's the former, but that's a heckuva a lot of paperwork for daytraders, no?

More specifically, as this pertains to IRAs ... Are you able to buy and sell at will within a Roth IRA account with no tax liability? I understand that after age 59, you can get distributions without being taxed, but it doesn't seem like you could also trade at will within the account. That would almost seem contradictory to the above, if you follow me.

Thanks for any clarification.
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