Hi @Alexander East,
Here's a snippet from our Ask an Expert of Tax event about the subject:
"Unfortunately, no. Generally, under IRC Sec. 219(e)(1), contributions to IRA's, except for rollover contributions, must be in cash. IN addition, IRA's can generally not purchase shares from a disqualified person under IRC Section 4975(c)(1)(A). You can still check with the self-directed IRA custodian to see if the IRA can purchase private shares from a non disqualified person."
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Brent Devey
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Original Message:
Sent: 06-12-2024 16:50
From: Alexander East
Subject: Using a Roth IRA to purchase stock options
Can I use money from my Roth IRA to purchase stock options that I am vested in
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Alexander East
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