My cash is already in the stock. Can I just transfer the stock to my Roth IRA?
Is it possible to transfer stock I already own into my Roth IRA without having to sell the stock?
No. A deposit to an IRA must be in cash. A conversion from traditional IRA to Roth can be "in kind" i.e. As a stock transfer. Last, any withdrawals can also be in stock or funds.
IRS Publication 590, so important, it's now in 2 sections Part A and Part B, addresses IRA issues such as this as well as most others.
By the way - now on page 7 - "Contributions, except for rollover contributions, must be in cash."
1Joe, can you link the relevant publication? Oct 10, 2011 at 3:45
9Sorry, You don't have Pub 590 on your night table? Adding link to my answer. Oct 10, 2011 at 12:24