this post was submitted on 30 Nov 2023
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DRS Your GME

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HSA and stocks? Need wrinkles (lemmy.whynotdrs.org)
submitted 11 months ago by PurpleSheep@lemmy.whynotdrs.org to c/drs_your_gme@lemmy.whynotdrs.org
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I hope someone who is smarter then me will be able to chime in. Can an HSA account be used to purchase stock to DRS? I see conflicting information about it online and am at work so really can't delve deeper rn.

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[–] bibic_jr@lemmy.whynotdrs.org 3 points 11 months ago

When I have spoken to apes with HSAs before I remember the solution being a rollover into a SDIRA to then move into DRS.

The other option would be to take the tax hit. You can either take an early distribution (sell) or an in kind transfer (move the stocks to a cash account). Not sure if HSAs can do an in kind distribution, it may be you have to move them to an IRA first.