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basis of stock given to son's Roth IRA

  • 1.  basis of stock given to son's Roth IRA

    Posted 03-05-2015 12:36 PM
    This message has been cross posted to the following Discussions: ncCPAp on the GO! and Federal Tax .
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    Taxpayer wants to know if he can use FMV of stock he gives to son   

     which is posted to son's Roth IRA?  I told him that I thought we would have to use his basis.  Any other way to transfer stock which has appreciated greatly????

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    Juanita Burnett
    CPA
    JUANITA BURNETT CPA
    Great Neck NY
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