Can it be done?
Here's the reason I ask... if one were to pursue a "dog of the dow" strategy over a diversified portfolio, it would be more advantageous to have the "dogs" mature in the Roth IRA by migrating high dividend yield out of an active brokerage account, possibly benefiting from oversold per-share drops via whatever tax breaks the loss might provide (in particular, I'm interested to know if a tax loss can be used to off-set IRA contribution limits).
My situation is unique in that I'm tax free due to being overseas, so itemized losses don't really work for me (I pay no taxes, therefore there's nothing to claw back from the government). What I'm interested in doing is using trading losses to up my contribution limits (I personally find it ridiculous that I can't fully fund a Roth IRA with an arbitrary amount of savings since the income has already been exposed to taxes).
Submitted March 10, 2017 at 06:17AM by throw-a-way_123 http://ift.tt/2n6JfXQ
