On May 2, 10:40 am, Horace Heffner <hheff...@[EMAIL PROTECTED]
> wrote:
> Is owner****p of any kinds of stock prohibited within an IRA? Of
> special interest are commodity based ETFs like GLD or mining related
I think those are ok, and even better in IRA so you don't hit those
special tax issues of selling "collectables" or whatever that trap is
for precious metal etfs, or also K-1 taxation for commodity etfs
structured like a partner****p. And best of all you can buy and sell,
buy and sell without hitting "wash sale" rules (those do seem pretty
sell-worthy now).
Restrictions that I seem to recall is you can't structure something
that essentially translates into real estate (altho reits ok) or short
anything (altho inverse etfs are ok). Some brokerages seem to have
sanity checks on their buying software so it will alert you if not
suitable. If I have this wrong, it should rouse some greybeards to
respond here...
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