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URL: https://boards.fool.com/while-i-suspect-that-the-answer-to-my-question-is-11205062.aspx
Subject: Re: May Stocks Be Contributed Directly Into an I	Date: 8/29/1999 9:10 PM
Author: zgriner	Number: 13535 of 107841
While I suspect that the answer to my question is "no," I want to be sure . . . the only scenario treated is one in which a salary-earner contributes cash from earned income into the IRA . . . So is it a non-starter? Yup, even if you bought the stock just now. It's a cash-only deal. Your plan has a big hole in it, regardless. Why would you want to put the stock into an IRA, using your scheme, and convert a capital gains tax of 20% to an income tax of 28% or more? A few ways for you to take advantage of the capital gains is to: 1) Donate some stock to a charity for an immediate full deduction 2) Donate it to a charitable remainder trust 3) If you and/or your wife can contribute to a 401k and have not maxed it out, sell the stock and use the proceeds to replace lost income from maxing out your 401k. In the short term, the 28+% value of the deduction will make for the 20% tax.
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