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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15732
Experience:  15years with H & R Block. Divisional leader, Instructor
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How much is the fee for each stock from IRA to Roth IRA?

Customer Question

How much is the fee for each stock transferred from a simple IRA to a Roth IRA? I want a price per stock in order to transfer stocks from Sep. IRA to a Roth IRA.
Submitted: 1 year ago.
Category: Tax
Expert:  Robin D. replied 1 year ago.

When you transfer stock from an SEP to a ROTH IRA you are performing a CONVERSION.

A conversion to a Roth IRA results in taxation of any untaxed amounts. You will be taxed on the value of the stocks when they move to the ROTH.

The taxable amount that is converted is added to your income taxes and your regular income rate is applied to your total income.

The SEP is tax deferred so when you move money or assets to the ROTH you will be taxed.