Amarin Corp Plc (AMRN)

[sts66]

Nope - cap gains are NOT earned income - you have to work, be paid wages, and be issued a W-2 to have earned income - trust me, I haven't had a dime of it since 2007 (disability benefits are non-taxable), and because of that I cannot contribute to my IRAs, need earned income for that too. It's crippling to not be able to put money in an IRA at age 44, any extra cash has to go into taxable brokerage accounts. Luckily/unfortunately I haven't had any LTCG's that exceeded the basic deduction so I haven't paid taxes since 2007 either - but if AMRN eventually gets to a certain pps I might owe taxes when I sell - still have a significant amount of unclaimed capital losses to use, 3 stocks I had in my cash account that went BK, but they're still on TDA's books, instead of a symbol they're listed with a series of numbers/letters. Been holding off on officially closing those positions for the big AMRN (or ARNA) profit, assuming I ever get there.