Taxes (TAX)

[cintrix]

Hey, Steve. Can you explain how this works:
Investments through a tax-deferred retirement account are not reported as capital gains. This might include IRAs, Roth IRAs, and 401(k) plans. Any income from these accounts is tax-deferred until the money is withdrawn and then reported as ordinary income.
I have had an ira account that I have traded in (not very actively, but over the years there have been many trades). What I am asking is this. Years from now when I do have to pay the tax on this, is it done the same way I do my regular capital gains/loss schedule? Will I have to enter each and every trade I ever made out of this account over the years? I know it says that the money is treated as "ordinary income" and not "capital gains". If you don't do a schd D on it, how do you report it? Do you just put the amount it is at the time you have to report it as ordinary income?