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Re: Cambreau post# 61390

Friday, 01/21/2022 1:25:20 PM

Friday, January 21, 2022 1:25:20 PM

Post# of 90732
Very true!! The day the one set it fillings came out we were at .0025 I almost converted 10 million shares, but I hesitated that would have been 25k in added income on my taxes and it would be worth 40k now I would already have a 15k non taxable profit! Oh well. Converting the right penny stock at the right time can save you a ton in taxes!

I just did a conversion form Ira to Roth on 20 million shares of something else I bought at .0010 20k the stock has went down to .0002 you can’t really buy at that price, but I did the conversion so it will add 4K to my income and I bet Within a year it will be back to .0010. At that point I’m even but if I sell it I would then have 20k in my Roth now! :)