So if I short a position in my rollover Ira- and buy different stocks. I won’t pay taxes on it?

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Short, as in short sell or just hold it short term <12 months?

Typically tax advantage accounts will not let you short positions or enter into uncovered positions because there is no margin available and the downside to those positions can be more than your account value. I can trade options in my fidelity IRA but they need to be covered / limited strategies.

If you mean just sell, take the profit and move on, then yes, absolutely. That is the beauty of the current tax advantage accounts, the grow tax free, earnings aren't taxed. Lots of headlines this week that the Dems want to change retirement accounts and tax your gains which defeats the whole purpose of these accounts IMO.

In non tax advantage accounts having a position that is short term vs long term is 1yr of holding. Short term gains are taxed as income, long term gains are taxed as capital gains. But all gains are taxed. Losses can be deducted and also carried over from prior years, so a bad year of losses can be saved to help reduce the tax on a good year of gains or earnings.

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Thank you Accenture1- that was helpful. I meant hold for >12 so short term and sell. Trying to take some gains on a stock and rebalance the portfolio but didn’t want to do now and wait till they pas the 12months if they would be taxed.
So this is good. Thx

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