No. of Recommendations: 0
Wondering if anyone can help me. I just purchased $1800 of company stock through an employee stock purchase plan. I bought the stock at a 15% discount from the market price. The stock is worth $2300 today. Can I transfer those shares into my Roth account since I only paid $1800 for them or must I sell them first?

You cannot transfer stock into an IRA, no matter how you acquired it. All IRA contributions other than rollovers/transfers from one IRA account to another must be in cash.

TMF ExRO
Phil Marti
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement