INCE - Intercell info??? Message Board

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Microcap & Penny Stocks : INCE - Intercell info???

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To: Bill Pearson who wrote (2475)	12/24/1997 1:40:00 PM
From: Hugh A. McWhorter	of 3358

Here's the tax idea for early 1998. For those of you who hold INCE in an IRA, consider converting to a Roth IRA in early 1998. The value of the INCE shares (as we all know is pretty close to nothing) gets included in your taxable income in equal amounts over the next four years. Almost nothing divided by 4 is even closer (if possible) to nothing. IF the company takes off and Roth IRA funds are left in tact for at least 5 years withdrawals can be taken tax free and there is no mandatory withdrawal time for a Roth IRA. IF the company completely tanks then insult is added to injury because you would be taxed on what turns out to be a worthless stock. Talk to your financial advisor and see if he/she believe this makes sense. I intend to poke at this subject further. Season greetings to all and here's hoping for something positive in 1998. Hugh

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