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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Roth IRA contribution Date: 12/22/1998 6:27 PM
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[[ This one is for TMF Taxes.]]

Yo!!!

[[ Contributions to a Roth IRA: I know I'm limited to $2,000/yr, but does it have
to be cash?]]

Yup. It sure does. The only time that you can transfer stock would be on a conversion from a regular IRA to a Roth IRA.

But the normal Roth IRA MUST be made in cash.

Sorry...if you would like to read more about the Roth IRA (where this point was specifically discussed), check out my series of posts on the Roth IRA in the Taxes FAQ area.

TMF Taxes
Roy

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