IRA and Betting

Started by Boscar Obarra, June 29, 2014, 11:54:50 AM

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Boscar Obarra

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.