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Obviously, I'm new or I wouldn't be asking these questions! Sorry, I can't find the exact answers I'm searching for on the message boards and I'd be grateful for some hand holding as I lurch away from the safety of Fidelity Mutual funds. I'd like to open a Roth IRA using the F4 approach, but:

1) By the time I get a discount brokerage account open (I just discovered the Fool site in mid-Dec) and the IRA rolling, it will be Feb or so. If I buy the current F4 stocks in Feb, then sell them in Dec and buy the next F4 picks, am I correct in understanding that there's no tax ramification (because the transactions are done within a Roth IRA)?

2) I reinvest the dividends - right?

3)Why are commissions deducted from the $2K I'm allowed to put in the IRA? (Why am I not allowed to save the entire $2K and pay the commissions out of taxable income?)
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