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Author: dschroedel One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121477  
Subject: Tax Rebate v. IRA Date: 2/22/2002 12:37 AM
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I have looked around, but can't find answers to my questions. If it's out there, could someone just point me to it?

Q1: I have not contributed to my Roth yet for the 2001 year and have not filed my taxes for the year. Since the Roth is not reported on the taxes, may I get my refund and use these funds as my 2001 contribution (as long as it is still before APR 15)?

Q2: Alternatively, I assume I cannot simply transfer stocks into the Roth, but must instead sell them (at a loss - so I can claim it, right?) and repurchase them inside the IRA. Is this right?

Any & all help would be appreciated.

-D
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