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What is the tax effect of distributions if I own ICON in an IRA?

April 26, 2017distributions Icon IRA tax

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What is the tax effect of distributions if I own ICON in an IRA?

1 Answer

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10 Posted

A. Retirement (tax-deferred) account shareholders do not realize any tax consequence as a result of annual Fund distributions. IRAs are non-taxable accounts. Please consult your accountant or tax professional with any other questions or concerns regarding the tax effect of IRA distributions.