Green Oasis Environmental, Inc. (GRNO) Message Board

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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)

GRNO 0.00

Nov 25 4:00 PM EST

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To: Charles A. King who wrote (8957)	3/18/1998 4:07:00 PM
From: John Hensley	of 13091

Hi Charles- You need to first calculate the basis of the traditional IRA. I've been assuming the traditional IRA mentioned so far has been nondeductible, where you cannot deduct the contribution because you're participating in a qualified retirement plan. In this case, the basis is the total amount contributed and the taxable part is the "gain" on the investment. If the stock goes to zero, you don't have a gain. If the contributions are from a deductible IRA, both the contributions and income are taxable. I should have made that clear earlier.

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