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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 182.19+3.5%3:59 PM EST
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To: SKIP PAUL who wrote (76216)7/11/2000 2:35:14 PM
From: dustcatcher  Read Replies (1) of 152472
 
S.P.:

The rules do not prohibit withdrawing stock but one must pay the income tax on the value of that stock--as income, not capital gains. What I plan to do is wait until close to the end of the year, withdraw cash, put half of it in my double tax-exempt money market fund and use the remainder to buy stock in my non-SEP/IRA account. The stock I buy may well be Q* but I have made no decision yet.

---Jack---
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