The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Question concerning tax implications within an I||Date: 6/24/2001 5:50 PM|
|Author: bigcat92||Number: 52045 of 122626|
My wife is changing jobs and we have decided to rollover her 401K earnings into a self-directed IRA with a discount broker.We will purchase individual stocks within the IRA.My question is can we buy and sell stocks within the IRA without tax implications and can we use a portion of the earnings within the IRA to cover trading costs without incurring a tax penalty ???
If anyone has any thoughts on this,I would certainly appreciate their feedback.
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