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Sentinel

03/21/07 4:10 PM

#10121 RE: PL Sniper #10120

PL Sniper...If your broker delivers your certs to you, does that constitute an early withdrawal of funds, and violate your IRA rules? Are there tax penalties for something like that?
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westeffer

03/21/07 4:44 PM

#10133 RE: PL Sniper #10120

You couldn't issue shares directly to the shareholder outside of his IRA account or IMHO it would be a taxable distribution.

Ask your experienced buddy, he may have a different opinion. I feel it would be a taxable event