about a year or two ago the IRS ruled that yes, it is.________________________Seems kinda crappy as the adjustment in basis means nothing in the Roth because there is no Capital Gains tax consideration. ________________________True, but there's logic to the rule, as well. You owned 100sh. of XYZ Corp a month ago. Today you still do, but now it's in the IRA - or Roth, either way. You just flipped shares between accounts, and didn't actually, finally, realize a loss. And that's what the rule is designed to prevent.Bill
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat