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lonwolf queried:

1. Can you open up an IRA with stock?

Sorry, no. All contributions to an IRA MUST be in cash.

2. If you can, how to you calculate their value for the $2000/year/person limit?

Not applicable due to answer #1.

3. Because the stock was bought through an ESPP, how do you take the special tax circumstances
into account?

You need to find out how your company handled it. My company's ESPP just adds the discount amount to my W-2 at the end of the year, then I use the non-discounted value of the stock as the basis. Your company may differ.

4. What happens if the stock exceeds $2000 before it is deposited into the Account. (It is very
close to that right now.)

Not applicable due to answer #1.

I don't want to sell the stock and put the proceeds in an IRA, because I would have to pay short
term capital gains and income tax on the discount.

Sorry, there is no other way.
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