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xxxxcslewis

04/13/07 2:41 PM

#141316 RE: knute97 #141310

knute97,

If you take the 1000 shares at $2.40 and transfer to a Roth IRA you pay $600 taxes.

If the share price then goes to $24, the entire $24,000 comes out of the Roth IRA tax free.

At least that is how I understand it.
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TinyPineTree

04/13/07 2:44 PM

#141317 RE: knute97 #141310

knute97 - does alternative minimum taxes come into play at all?