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Biotech / Medical : CNSI Cambridge Neuroscience
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To: swoboda4 who wrote (358)3/19/1998 8:01:00 PM
From: Mike McFarland  Read Replies (2) of 675
 
Are there any tax implications which could
work to a person's advantage. For instance,
if I load up on cnsi in my IRA, wait for it
to go x-d, then transfer to a roth ira, will the
apparant capital loss help me out? Maybe not--cap
gains and distributions are the same in tax
sheltered accounts just as non tax-sheltered
account (that is my guess).

I haven't yet seen a tax advisor, but I think
I am going to get the shaft--all my cap gains
in my ira have occurred in the last couple months,
after years of pathetic returns. Wish I had
transferred to roth on Jan 1st.

Anyway, if anybody has some ideas about all this
I would very much appreciate it, I already asked
on the tax thread, but it does indeed look like
you have to pay tax on your gains in order to
transfer to roth ira.
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