No. of Recommendations: 0
Greetings, Intercst, and welcome. You asked:

How does a broker value stock withdrawn from an IRA account? Should it be the value at the end of the trading day that the withdrawal was made? Or can you value it at the closing price of the day before the withdrawal? Does the IRS allow this kibd of flexibilty?

When the stock is sold, the broker will record the sale at the exact price of that sale. That price may be higher, lower or exactly the same as the opening/closing price of those shares. The latter have no bearing on what will be reported for tax purposes, The only thing that matters is the price established in the transaction, and transaction prices vary throughout the trading day.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.