Ed Slott's information-packed, practice-building webcast, Ed Slott's Best IRA Strategies for 2012, is airing on IRAhelp.com between today, February 27 - Friday, March 9.
In this 25-minute webcast, you will discover the best IRA strategies to implement before 2013 and HIGHER taxes arrive. You can use these tax-saving methods to help your current clients save a fortune and as a business-building tool to gain new IRA accounts.
CLICK HERE to register and listen immediately to the webcast. Also, don't forget to pass on this information through social sharing tools like Facebook, Twitter and LinkedIn.
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Thursday's Slott Report Mailbag
Consumers: Send in Your Questions to [email protected]
Q:
I transferred a stock from my IRA to my regular (non IRA account) and then transferred the exact same number of shares of the same stock back into my IRA within 60 days. However, the value of those shares was $10,000 higher.
Do I have a problem because I put more money into the IRA even though I transferred the same number of shares?
Thanks
Mark
A:
There is no problem. Your distribution of property (shares of stock) from your IRA qualifies to be rolled over tax-free within 60 days only if the identical stock is rolled over to a receiving IRA. It is common for the value of stock to change during the 60-day window. That’s OK and still qualifies as a tax-free rollover. When your tax return is filed for the year, your tax preparer may want to attach a note to explain the different values.
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