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You cannot transfer shares from a taxable account, e.g. your custodial account, to an IRA. Period.
Right. That seems clear at this point, although I'm still slightly curious what the rep was thinking. Thanks for the IRS pub reference.

You are limited annually to the amount of your taxable compensation or $2,000, whichever is less.
Also correct. I'm currently employed in a reasonably lucrative job, so the earned income requirement should present no problem.

Thanks for the input!

-Joeli
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