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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75642  
Subject: Re: Stock Withdrawal from an IRA Date: 1/6/2000 8:29 PM
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bvernot asks,

You guys seem to know what you're talking about and you're so close to the question that I have...... Can you address the inverse of this subject? That is, can I transfer stock INTO an IRA account (of course, within the $2000 contribution restriction)? Or do I have to sell the stock from my brokerage account (commission), deposit the proceeds in the IRA, then buy the stock back again in my IRA (commission)? Seems convoluted, but then there aren't too many examples of that in the tax laws, right? Thanks, in advance, for any advise.

It may be one of the great paradoxes of our time, but I believe IRA contributions may only be made in cash. "In kind" contributions of securities are not permissible.

intercst
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