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Hi, Fellow Fools:
Is it allowable to transfer (journal) securities from a regular Brokerage Account to a Roth IRA? I know that my IRA contribution is limited to income only. I make the maximum allowable Roth IRA contribution from my income each year. However, I must wait until the new year to make that Roth contribution. For example, I have already made my max Roth contribution for 2005, meaning I must wait until January of 2006 to make my next contribution.
I would like to put some of that money(income) to work between now and then-perhaps by investing it in my regular Brokerage Account. In January 2006 (or later), can I journal my original investment in those securities over to my IRA since it would be from income I made? If not, can I (less preferable) sell the securities and transfer my original investment amount in cash to my Roth IRA?
I'm certain my broker will do this mechanically for me-I'm just wondering about the tax implications.

Thanks in Advance,

Ed
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