pay compensation with roth ira

Submitted by Frank on Tue, 2023-11-28 05:26

Assume this is a qualified distribution and all monies transferred are within legal limits.

Can I pay my grandson in stock (for work done) from my ROTH IRA and transfer the stock to his ROTH IRA as compensation for work done?



Submitted by William Tuttle on Tue, 2023-11-28 13:54

  • While IRA distributions can be made in-kind to a taxable account.
  • IRA contributions must be made in cash.
  • Direct IRA contributions by employers are taxable compensation.
  • What exactly are you trying to accomplish?


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