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<<this is my first post on this board;>>

Welcome to the folder.

<< does anyone know if it's *allowed* to take and transfer a stock option from a regular after tax brokerage account, into a SEP IRA?>>

Nope. Contributions to a SEP must be made in cash. You can't transfer options, stock, or baseball cards in order to make a contribution.

<< if so, what is the transfer basis? - the cost of the option or the value at transfer time, or the lesser of the two? >>

Since the answer to the first part of your question is no, this part of your question becomes moot. You simply can't do the valuation issues are a non-event.

<<and, anyone other than Brown and Investitrade allow options in an IRA?>>

Sorry...don't know. Since options aren't part of the Foolish Filosophy, I don't really know who does what with them.

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