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General Category => Ask the Experts => Topic started by: Boscar Obarra on June 29, 2014, 11:54:50 AM

Title: IRA and Betting
Post by: Boscar Obarra on June 29, 2014, 11:54:50 AM
The thought just occurred that while you can gamble all you like on stocks/options/futures in a retirement account, I\'ve never heard of the same for parimutuel.

  Is there a prohibition in the IRS rules?

  PS. A roth account would be the idea here, as you would owe deferred tax on all regular ira gains.