backdoor IRA stock transfer
can I transfer stocks instead of cash from traditional IRA to Roth IRA for backdoor conversion. Or it should be only cash transfer?
can I transfer stocks instead of cash from traditional IRA to Roth IRA for backdoor conversion. Or it should be only cash transfer?
Permalink Submitted by Alan - IRA critic on Tue, 2021-05-25 23:07
Either way. However, after making the non deductible contribution, the conversion should immediately follow, so it is cleaner when working with IRA basis to convert the cash contribution right away, then purchase your investments in the Roth IRA.