Friday, October 27, 2023 6:03:33 PM
BUT....
If each account with your shares is credited with cash, example: your IRA has FMCC shares, so that account is credited money in a MM fund linked to it (all brokerage and IRA, Roth accounts, etc usually have an MM fund attached). So if money goes to your IRA account, then not taxable until you withdraw,casual rules apply. If credited to a ROTH? That's where it would get interesting! and pain the government to all hell. It would mean that money can't be taxed at all! Based on ROTH rules, of course. So if you did as Guido was doing, and got the majority of your holdings in a Roth, that could be a sweet pay day.
I have shares in an IRA, Roth and a regular brokerage account. So I'd have a mixed bag of tax circumstances.
It says in class action literature that I've read that a payout is not necessarily in cash, that many opt to give shares or fund accounts.
Stay tuned
“If liberty means anything at all, it means the right to tell people what they do not want to hear.” “I disapprove of what you say, but I will defend to the death your right to say it.”
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM