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Author: jenpowell One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Need help on tax question Date: 12/9/2001 12:15 PM
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I have a Roth IRA with Buyandhold.com, and would like to shift a position. I want to sell my shares of one company's stock, and then reinvest that money in a different company. When the shares are sold, the money will be kept in a MM account until I submit a buy order.

So my question is: As long as the MM account is within the IRA, can I sell the stock without incurring a tax penalty as long as I don't withdraw the money and use it to purchase stock within the same IRA account? I asked the people at BAH, but they wouldn't give me a straight answer (I'm sure they're just being careful about incurring liability for giving tax advice when they are not licensed to do taxes). Any help will be appreciated.
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