"Avrum Lapin" <avrum223[at]verizon.net> wrote in message
news:avrum223-4C918D.14321024112008[at]news.la.sbcglobal.net...
- quote -

Yes, because the amount transferred must be in cash, so it has to be sold
from the regular account, and bought in the Roth account.

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JoeTaxpayer wrote:
- quote -

form of IRA must be in cash. New accounts may be created in a
variety of different ways.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Avrum Lapin wrote:
- quote -

What you propose is not permitted.

You can convert to Roth from IRA without liquidating, but new IRAs, Roth
or traditional must be funded with cash.

Joe
www.blog.joetaxpayer.com

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I am getting ready to make my annual contribution to my Roth.

If I choose to have my brokerage firm (e.g. Fidelity) transfer $X worth
of a given mutual fund from my regular account to my Roth account at the
same brokerage do I create a capital gain or loss.

(I know that if I sold the $X in my regular account and then transfer
the cash it creates a capital gain

Thanks

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >