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If you own a stock in a IRA, is there a rule that it should be held for a year before selling? |
Or has there in the past been a rule that IRA investments should be held for a year before being able to sell or change to another stock(or investment)? Nothing in law. I know some mutual funds say they have to be held for at least X amount of time or they are subject to penalty. Check the agreement you signed when you set the IRA up. I believe that different investment companies also have different contract forms. In fact, you should probably call your broker or someone in that department to ask those questions and ask about accessing your account on the web, and what you need to do if you want to change some stocks. There might be a penalty, however. I'm not sure that all companies allow you to make changes without there being tax consequences There should not be any rule regarding keeping it for a year. |
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