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Charles Biggs

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25
Posts: 47

Joined: 2/28/2013
Location: TX

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Subject : RE: OmniVest and IRA Accounts
Posted : 4/16/2013 1:02 AM
Post #25407 - In reply to #24932

From everything I have read, margin is not allowed in an IRA account. Asside from the obvious problem of limitations on additional contributions needed to meet margin calls, funds used as collateral lose their favored tax treatment (i.e., cease to be an IRA) and are included in taxable income per the following from the IRS:

http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Loans

Is there something I am missing?
Deleting message 25407 : RE: OmniVest and IRA Accounts


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