[USER]

This is possibly an ignorant question but I need to learn. I sold transferred some stock from my brokerage account to out into a ROTH IRA before April 15th.

However, I did it last night after markets closed so it went through this morning.

Did I have the worse timing ever since it’s really a sell and buy or…is it fine?

Someone please explain.

[Scott]

What were the shares? ETF, stock, or mutual fund? If it was an individual stock or etf, you sold at the price first thing this morning, if it was a mutual fund it was sold at the end of today.

[James]

You cannot “transfer stock” into a Roth IRA. You can only contribute cash. IRS rules.

Perhaps you sold stock in a non-retirement brokerage account, and then purchased new stock in your Roth IRA brokerage account?

[Robby]

It sounds like you may be mixing up some things here.
The April 15th deadline is the last day you can make contributions(deposit money) into your Roth IRA account for 2024.

If you sold stocks in your brokerage account and it fulfilled this morning, then the money should be sitting in your brokerage account.

You’ll still need to transfer the money into your Roth IRA account.

When you do transfer the money, it will give you the option of adding it to your 2024 or 2025 contribution limit.

I’d recommend 2024 so you can still make contributions for 2025

[Author]

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