Explore the 1,000’s of tax questions answered by professionals.

Back to list


Related User


Can you contribute mutual fund shares to a traditional or roth IRA? Specifically, if you have 2,000 shares of ABC mutual Fund that has a cost basis of $2.00 when you purchased them in 2008, but share are currently trading at $5/share and you transferred $1,000 to a traditional IRA, what would be the tax consequence? Any difference for Roth IRA?


The BIDaWIZ Team's Answer:

You cannot in itself transfer mutual fund shares into an IRA. As per IRC Section § 219(e)(1) and IRS Publication 590, you may only contribute cash into an IRA. If you wanted to contribute $1,000, you would have to sell those securities and there would be a realized event.

The BIDaWIZ Team



  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.