Replies to post #141291 on Wave Systems Corp. (fka WAVXQ)

[Snackman]

So, by holding your IRA shares you have not sold out your position, is that correct? Why haven't you sold those out as well? You could buy those back at $2.40 also, although I don't think you will ever see that number again. But, I could be wrong.

[knute97]

Vader,

I recently transferred my IRA shares @$2.40 to my normal investment account since I am old enough to do so.

My reasoning?

If WAVX goes big, as I expect it will, any gains in my IRA are taxable as straight income when I withdraw it. In my normal investment account, after 1 year, it is taxed at long term investment rates.

My choice was to pay straight income taxes on a $2.40/share withdrawal or a $24/share withdrawal versus a 15% LT gain.

I would recommend that anyone old enough run the figures.