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Author: bossgobbler Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: selling positions in an IRA Date: 6/28/2000 4:48 PM
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I want to institute the foolish four plan for part of my IRA. The part I am not sure about is selling of stock within an IRA. I have been told that you cannot sell stock you purchased in an IRA without taking a penalty. From reading this site, I now think that I can sell stock within my IRA as long as I do not withdraw any of that money from my IRA account. Is this correct? Thanks for the help.
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Author: Ringfinger Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 22954 of 75340
Subject: Re: selling positions in an IRA Date: 6/28/2000 4:51 PM
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No penalty, sell away!!

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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 22955 of 75340
Subject: Re: selling positions in an IRA Date: 6/28/2000 4:52 PM
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Greetings, Bossgobbler, and welcome. You asked:

<<From reading this site, I now think that I can sell stock within my IRA as long as I do not withdraw any of that money from my IRA account. Is this correct? >>

Trades that occur within an IRA have no effect on your income taxes. In that sense, you are correct in that you may trade as often as you wish without having to worry about Uncle Sam. No income taxes apply until you start taking money from the traditional IRA.

Regards..Pixy

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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 22963 of 75340
Subject: Re: selling positions in an IRA Date: 6/28/2000 7:50 PM
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Correct. Inside an IRA you can buy and sell as much as you want, and there are no taxes or penalties as long as you leave the money in the IRA. Inside a Roth if you leave it the required time, there aren't even taxes or penalties if you take it out!
You do, however, have to pay all commissions from the money already in the IRA.
Best wishes, Chris

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