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He plans to open a SEP beginning this year. Can he buy stock/s now and then deposit them into an SEP which he opens before Dec. 31, '99?

Hi Meowiz,

It is my understanding that you cannot deposit stocks or other valuables into a retirement account like a SEP. If you think about it, this could lead to a lot of abuses. What if you owned these stocks for 20 years? How would you establish the taxable value when you sold them from a retirement account? See?

I had to ask the same question, and got this disappointing answer.

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