Advice on how to liquidate stock accounts?

DrGoogle
Sun, 02 Aug 2015 05:31:03 +0000

That article is to determine what basis for cost when you transfer stocks from IRA for distribution. Because inside IRA there is no distinction for capital gain. Once you have the basis of the stock then you can properly account for gain or loss. Inside IRA account there is no such thing as gain or loss. I mean you can’t deduct loss.