Can my client fund their 2022 Traditional IRA with a loan from their margin account?
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Perhaps it also needs to be stated: this margin account cannot be how they "earned" money. Eligibility for contributing to an IRA is not by margin investing.
IRS doesn't care where they get the money for the IRA contribution.
They can find the money in a gutter, for all it matters. No one cares where the money comes from.
Yes
Perhaps it also needs to be stated: this margin account cannot be how they "earned" money. Eligibility for contributing to an IRA is not by margin investing.
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