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Author: PurdueMatt One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121150  
Subject: Stock Profit / Loss Questions Date: 1/31/2003 9:46 AM
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Hi all ..

This is my first post to this board, so please forgive me if this has been asked before.

My wife and I each opened a Sharebuilder Roth IRA in 2002. As a former GE Employee, I also rolled over my GE S&SP program (their version of a 401K) into a separate Rollover Traditional IRA. When it comes to 2002 stock gains/losses, I'm a little unclear on how to report them cosidering that my IRAs are tax-deferred / tax-free.

Q1) Stock trades in the Roth IRA's:

When reporting stock losses/gains for 2002, do I have to document Roth IRA and Traditional IRA trades on my tax return? I have trades in a non-tax deferred Ameritrade account, documenting those trades are obvious. However, if I had gains / losses that occured within a Roth IRA (I left the cash within the account and purchased shares in a different company) do these have to be reported on this year's return? I guess the same question would apply to my Traditional IRA (the rollover).

Q2) Rollover to Traditional IRA:

Since I rolled over my GE "401K" into a Traditional IRA, is that rollover contribution tax deductible?

Best regards & Thanks!

PurdueMatt
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