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From: jhh@ihldt.UUCP (John Haller)
Newsgroups: net.invest
Subject: Re: Risky investmests under an IRA
Message-ID: <2306@ihldt.UUCP>
Date: Tue, 3-Apr-84 10:34:35 EST
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Posted: Tue Apr  3 10:34:35 1984
Date-Received: Thu, 5-Apr-84 01:28:27 EST
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There is no such thing as long term or short term loss on an IRA.
Since no taxes were paid on the IRA funds, the ENTIRE amount is taxable
upon withdrawal.  No long term capital gains at lower tax rates are
recognized.  If you suffer a loss on an IRA investment, that means
that there will be that much less to pay taxes on when it is withdrawn.
When you lose money on an IRA, that money is gone forever. Uncle Sam
does not subsidize your loss.

		John Haller