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Re: CT_Yankee post# 196907

Tuesday, 08/10/2010 12:42:30 PM

Tuesday, August 10, 2010 12:42:30 PM

Post# of 249238
CT_Yankee Suggestion for you regarding IRA.

What you sell from IRA account is taxed
as ordinary income.
What you sell from regular account is
taxed as capital gains.
If you are expecting growth on Wavx it would
be wise to take it out of IRA and put it in
regular account.
It must be sold and repurchased.
If you have your IRA with a broker that
charges $7.00 per trade your OK.
If not transfer the IRA and then do the
selling and buying at $7.00 not regular rates.
It can get very expensive plus adding federal
and state (Connecticut) income tax that has to
be withheld without delay.
I hope that this info will be of help to you
and anyone else in the same situation.
May1

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