Replies to post #51691 on Viva Entertainment Group Inc (OTTV)

[idad]

When you sell you realize your gain. The only way you don't pay Capital gains is if traded inside a Roth.

[ChampionOfTheSun]

not an expert --- but I think you would have needed to buy the shares within the IRA in the first place, in order to avoid realized gains.


I dont think you can necessarily sell, but say "count it towards that"

[lumberocean]

When you sell you immediately realize the gains. You are limited on your contributions to an IRA per year, assuming it's a roth IRA there is no advantage since you've already been taxed. If it's a traditional IRA you can deduct the contributions from your income. Up to 5K a year if I remember correctly.

I'm not sure about the others, but you will pay taxes unless you contribute something that is able to be written off as a loss.

If you really want to take advantage of an IRA with huge gains your best bet is to invest whatever you intended to use during retirement into a roth IRA before the gains. Then you can use the money tax free later. It doesn't really do you a lot of good to make the huge gains outside of that account and put money into the account, because you still pay taxes when you sell and you're limited to your contributions. Hope that makes sense.

[captgor]

The minute you sell the stock you have realized your gains. It doesn't matter what you do with it later. So amount of sale, minus your cost basis {price you paid} equals taxable gain. Only other question is it short term or long term gain.