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Author: bernieu One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120797  
Subject: Roth IRA contribution Date: 12/21/1998 9:14 PM
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This one is for TMF Taxes. I'm sure the folks who wrote the law have carefully excluded what I propose here, but I thought I'd ask. If it's been asked before and I haven't read the reply, my apologies. There's only so much time for reading...

Contributions to a Roth IRA: I know I'm limited to $2,000/yr, but does it have to be cash? For example, I'm holding on to (in round numbers) $20,000 of CSCO with a basis of $2,000. Could I just transfer the CSCO stock over? After all, there are other instances in the tax code where that would count as a $2,000 transfer, not as a $20,000 transfer. Assuming that little brainstorm was thought about and already legislated against, what about simply transfering $2,000 of CSCO without realizing the gain of $1,800? Heck, I never sold the stuff.

Dreamin' on,

Bernie Unger


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