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Financial Planning / Tax Strategies


Subject:  Question concerning tax implications within an I Date:  6/24/2001  5:50 PM
Author:  bigcat92 Number:  52045 of 128043


My wife is changing jobs and we have decided to rollover her 401K earnings into a self-directed IRA with a discount broker.We will purchase individual stocks within the IRA.My question is can we buy and sell stocks within the IRA without tax implications and can we use a portion of the earnings within the IRA to cover trading costs without incurring a tax penalty ???

If anyone has any thoughts on this,I would certainly appreciate their feedback.

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