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Cash Contributions


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Guest curious023
Posted

I am getting ready to open a Roth IRA and was planning on transferring some assets I curreently have in a mutual fund. Is this allowed or do contributions have to be in cash? Thanks in advance.

Posted

Unless it is a rollover contribution, which you indicate yours is NOT, ONLY CASH is allowed.

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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