as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
if i put dividend-paying stocks in my ira, where does the dividend go when paid?
user
the dividend goes into the ira (either reinvested automatically or remains as cash until you invest it, per your choice). you're not taxed on this dividend (ira is a taxed-deferred account - you're taxed on the distributions, but not on the capital gains within the account).
assistant