Frequently Asked Question
I have some stocks in a taxable account. Can I use them to fund my Roth IRA instead of using cash?
Regular IRA contributions must be made in cash. Contributions of securities are not allowed. Internal Revenue Code Section § 219(e)(1) and IRS Publication 590 provide detailed information about IRA contribution rules.
Exceptions apply to rollover contributions if the same security was distributed.
For more on this, read IRA Contributions: Eligibility And Deadlines.
This question was answered by Denise Appleby
(Contact Denise)
Exceptions apply to rollover contributions if the same security was distributed.
For more on this, read IRA Contributions: Eligibility And Deadlines.
This question was answered by Denise Appleby
(Contact Denise)
by
Denise Appleby
Denise Appleby is founder and owner of Appleby Retirement Consulting,which provides technical consultation, content, coaching, writing, editing and training services on related topics.
With more than 14 years of experience in the IRA and defined-contribution plans fields, Appleby has held several senior retirement-plan related positions with Pershing LLC, which included vice president of plans products and services, retirement plans manager, trainer, training manager, compliance consultant, technical help desk manager and writer.
With more than 14 years of experience in the IRA and defined-contribution plans fields, Appleby has held several senior retirement-plan related positions with Pershing LLC, which included vice president of plans products and services, retirement plans manager, trainer, training manager, compliance consultant, technical help desk manager and writer.
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