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Biotech / Medical : Stayhealthy.com: Monitoring your wellness on the Web
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To: Eric Fader who wrote (894)8/28/2000 4:18:00 PM
From: george eberting  Read Replies (3) of 3785
 
Here's a little tax planning exercise for y'all.

My wife is holding some STAY shares in her IRA. She is planning on starting a business within the next 12 months and thinks that a sale of STAY shares may (eventually) generate enough capital for her needs. If she leaves the shares in the IRA until the IPO, sells them and distributes the proceeds, she would be subject to the 10% early distribution penalty. On the other hand, if she removes the shares now, when they are not freely tradeable (and ostensibly have no value), there would be no early distribution penalty. She will, of course, have to pay taxes on long term capital gains upon their sale when the shares are listed.

Any comments or suggestions? George
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