Self Directed IRA Tax reporting?

[Frank M.]

For my current rental property, I file a Schedule E each year. And I have to track all expenses and income to do so.

Once I set up and fund an SDIRA via transfer from a regular IRA, what are the reporting requirements? When I buy and sell stocks now, there's nothing, the gains stay in the account, and it's only withdrawals I'll be paying tax on. Is it the same with the SDIRA, one time paperwork, and then only report withdrawals, or is it more complex than this?