@fanfare wrote:
"$7,500"
You must use the amount of the contribution to the first IRA.
When necessary, sell a few shares to have enough cash to meet the custodian's calculation.
Not clear what you mean. The custodian's calculation is $8,235.29 based on the formula in 1.408-11. The real contribution+gain is $7,500. Are you saying that instead of $7,500, I should be trying to take out the $8,235.29 to satisfy the custodian, even though that's an incorrect formulation of the contribution gain?
