Replies to post #191194 on Amarin Corp Plc (AMRN)

[rosemountbomber]

Thanks Chemist. You definitely outline the tactic correctly. However you have to remember that the long term cap gain is added to ordinary income to determine cap gain tax rate. To be clear I am also not concerned with or talking about a voluntary sale of some shares of Amarin but rather if the company gets sold and our shares are taken away in the closing of such sale before the end of the year.

Now, of course, if a possible deal was a stock deal, in which case we could continue to hold the buyer’s stock, then we could control when and how much of the cap gain to realize.

If I was 100% sure the company would not get sold before the end of the year, I would definitely do the conversion today exactly as you outlined.

[too simple]

Hi Chemist, do you know if there is a limit on how much you can convert? I have not put any $ into my Roth this year but I have converted a 3 hundred about $ 5800. Just wondering for thought process , I realize I should check before .thanks