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Posted On: 02/28/2020 12:20:12 PM
Post# of 36567
Re: bwolfy2002 #13515
bwolf, creek was talking about the IRA to Roth. In this transactions, shares are sent from IRA to Roth IRA, they are not sold first.
Regarding an after tax, NQ acct, no you can not convert to Roth IRA. You could sell enough shares ($6K or $7K, depending on under age 50 or over) and transfer that cash to your Roth as your current year contribution, then rebuy the GNBT, but that would defeat the purpose.
So in the situation I brought up, I am only talking about IRA to Roth IRA conversions.
Regarding an after tax, NQ acct, no you can not convert to Roth IRA. You could sell enough shares ($6K or $7K, depending on under age 50 or over) and transfer that cash to your Roth as your current year contribution, then rebuy the GNBT, but that would defeat the purpose.
So in the situation I brought up, I am only talking about IRA to Roth IRA conversions.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
