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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: BWAC who wrote (4321)2/8/2003 5:30:25 PM
From: MJ  Read Replies (1) of 5810
 
I am not sure I am going to do this. I want to look at the tax ramifications if I were to do this.

This is a long answer to short question.

This is the scenario---have an account (regular) is margin. Have an IRA which is nonmargin.

If I sell stocks in the IRA and handle maintenance calls in the regular account with cash from the IRA, I loose cash in the process as the maintenance eats up the $ amount from the sales of the IRA stock. And I still pay taxes on the IRA distribution.

Now, if I don't sell the IRA stock but transfer it over---- I pay taxes on the distribution; however, as I see it the actual stock is being transferred which increases the principle amount in the margined account. Giving me more flexibility to decide what I want to sell if I do sell a stock. Also, the capability of doing call writing on the stocks transferred---adding income to the margin account.

With a margined account, I have had to sell stocks that were winning, money making stocks and ones I did not want to sell----eating into the principle in my account.

My goal this year is to eliminate my margin debt and return to the tried and true for me . And that is making my decisions based solely on buying and selling a stock based upon technical analysis---cutting losses rapidly and letting profits run.

I am almost there.

mj
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