No. of Recommendations: 5
My understanding, at least for my situation based on tax advice
I've paid for, is that I will only be taxed based on distributions
from my IRA accounts, not on any buying/selling within the IRA itself.
A slightly different topic detour ...
Many countries do not acknowledge tax-free nature of distributions from
Roth IRA accounts.
Interestingly in my situation, however, I can withdraw contributions to my
Roth IRA tax-free, so I have an added incentive to do Roth conversions over
the next several years. I may never need to touch these funds, but they
(the contributions) would be available to me without paying additional taxes.
-Rubic
