Can I transfer positions to an IRA as a contribution?

The recharacterization of IRA contributions is a change of the annual contribution made to a Traditional or Roth IRA into the other IRA type. This includes the designation of a contribution plus earnings from one IRA type into the other IRA type.

Recharacterzied contributions do not include Roth Conversions or Rollovers…

If you have an existing Roth IRA account and you would like to transfer it to a Roth IRA account with Interactive Brokers, you will want to select "Roth" as the IRA account type when applying for a new IRA account…

No, contributions to a Roth IRA are not tax-deductible…

You can find information on current IRA contribution limits on our website. If contributions are made to multiple IRA accounts established for the same beneficial owner, the contribution limit to the Roth will be reduced as if all contributions were made to the Roth. …