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Subject:  Selling for loss to make ROTH contribution... Date:  11/13/2001  6:36 PM
Author:  thewarbrd Number:  55199 of 127626

I'm considering selling some of my stocks (claiming the loss on my taxes this year) and using the proceeds from the sales to make my 2001 and 2002 tax year ROTH contributions. My question is if I re-purchase the same stocks in my ROTH can I still claim the capital loss if I don't wait a certain period of time? The only reason I'm jumping through this hoop is because ameritrade will only let me transfer cash between my roth and regular accounts, not stocks. I want to hold the stocks I have long term but I would like to get them tax sheltered in the ROTH.

Thanks in advance.
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