My Roth IRA holds only marketable securities -- some with gains and some with losses.
If I close out my Roth IRA by distributing/taking over the securities in kind, what would be the basis of the securities in my hands -- at ROTH's cost basis? OR the FMV on date of transfer to me?
And the holding period for purpose of capital gains/losses when I sell those securities?
NOTE: This is the only retirement a/c I have. No Traditional IRAs. And I am aware of the tax deferral advantage if I don't close it.
- posted 9 months ago