Jeapordizing a ROTH status
If one were to put a working interest of 8.2% in several oil wells into a ROTH account (assuming a custodian could hold it)is there a risk of jeapordizing the ROTH status?
If one were to put a working interest of 8.2% in several oil wells into a ROTH account (assuming a custodian could hold it)is there a risk of jeapordizing the ROTH status?
Permalink Submitted by Jose Morales on Mon, 2014-12-08 16:24
if you already have these holdings personally and are asking if you can deposit them into a Roth as a contribution, the answer would be no you cannot contribute assets that you already hold into any IRA (roth or otherwise). Contributions can only be made in cash.