Amarin Corp Plc (AMRN)

[Crikker]

Tax issues. 1 There are no RMDs on Roth IRAs unless you inherited the Roth. Then your heirs are required to take RMDs but not pay taxes as it comes out. 2. You can do paperwork at the brokerage firms so they don’t withhold in a taxable account. However proceeds and cost basis will be on your 1099 and reported to the IRS. 3. Same as a taxable account you don’t have to have money withheld from IRA distributions. However it will be reported on your 1099 and if under withheld may need to do quarterly taxes the following year. See your accountant about this. 4. If you give appreciated stock to a qualified 501c3 charity not only do you not have to pay the capital gains but you’ll also get a tax deduction. There are certain limitations so check with your accountant. 5. If you are charitably inclined and give money each year but want to match your deduction to a year that you have outsized earnings (I.e. selling AMRN at a big profit) considers donor advised fund. Donate highly appreciated stock to fund get current year tax deduction direct donor advised fund administrators to make contributions to your charities over multiple years

I hope this helps. Feels nice to contribute to this board.