This content was created by Craig Wear, CFP®. This content was uploaded by Craig Wear, CFP®. This is a YouTube video titled "Roth IRA Conversion in 2024" featuring Craig Wear, CFP® discussing the process of converting Tesla stock from an IRA to a Roth IRA and the tax implications involved, created on June 26, 2024.
If you're going to pay the taxes from an account outside of your IRA, then you could just say, hey, move my 100 shares of Tesla with the market value of roughly X over to this Roth ira, and this is a conversion. And they're going to ask you, how are you going to pay the taxes? And you're going to say, I got another account I'm paying the taxes with. So you'll go to bed tonight with the, with the Tesla stock in the ira.
