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Hello

My wife is changing jobs and we have decided to rollover her 401K earnings into a self-directed IRA with a discount broker.We will purchase individual stocks within the IRA.My question is can we buy and sell stocks within the IRA without tax implications and can we use a portion of the earnings within the IRA to cover trading costs without incurring a tax penalty ???

If anyone has any thoughts on this,I would certainly appreciate their feedback.

Thanks
bigcat92
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can we buy and sell stocks within the IRA without tax implications

Yes.

and can we use a portion of the earnings within the IRA to cover trading costs without incurring a tax penalty

Yes.

http://ftp.fedworld.gov/pub/irs-pdf/p590.pdf

Gail~
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Thank you for your help
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