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Roth IRA Funding


Guest passinby

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Guest passinby
Posted

The answer has gotta be "No" but here's the question. Can I fund my newly created Roth IRA with stock shares? If so, am I allowed to do so on the BASIS price of the share (what I paid for it), or do I have to use the price of the share as of the day of funding. If the day of funding, do I use the closing price, or can I use anything in that day's trading range?

Guest passinby
Posted

Shoulda read the posts over the last 20 days first. Sorry to waste your time. The answer is: cash only, as the new account is not a rollover.

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