The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Roth IRA Stock Loss||Date: 12/25/2000 9:15 PM|
|Author: RooCat||Number: 43371 of 124936|
I have a Roth IRA brokerage account with an individual stock that has lost most of its value. Can this stock be sold and the loss used to create a loss for tax purposes outside the Roth IRA account?
Or do losses in Roth IRA's not count outside the IRA
meaning there would be no reason to sell the worthless stock by paying a commission?
This is correct except that you might just want to get rid of your loser stock and buy something that might appreciate.
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