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Re: CherryTree1 post# 48853

Tuesday, 12/29/2015 6:14:18 PM

Tuesday, December 29, 2015 6:14:18 PM

Post# of 719214
I have been thinking along the same line - paying taxes on a depressed NWBO share price with the hope/expectations that any meaningful growth beyond $3.50 would be tax free

However I found out that any appreciation has to remain in the Roth IRA for 5 years or it will be taxed as though it was earned income (same as regular IRA) - you can take out the original $3.50 tax free but all growth has to remain in the Roth IRA for 5 years to be tax free.

I've stopped buying green bananas, so now I'm sitting on the fence regarding this matter.
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