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Author: gopete One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75828  
Subject: Re: stocks into a new IRA? Date: 4/21/2001 10:03 PM
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From the tax point of view, you would be better off forgeting about the stock by putting it in a safe deposit box rather than in an IRA. If you ever need to sell it you would only be taxed at the capital gain rate at that time as opposed to the ordinary income rate if you take it out of an IRA. If you insist on putting it into an IRA, you probably could do it with a self-directed IRA which utilizes a brokerage account. Check out Vanguard. Good luck - gopete
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