The National Directory of Certified Public Accountants

Ask A CPA - IRAs - Traditional

IRA - Transfer Stock And Get An IRA Contribution

Contributions to IRAs must be made by cash. Checks and wired funds are considered to be cash. You may be eligible to borrow the money from the brokerage house against your stock. This is called margin. In this way you do not have to sell the stock and you can still fund your IRA.

If you need professional help with "IRAs - Traditional" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.