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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Forsythe who wrote (2230)	7/1/1999 10:15:00 AM
From: Spots	Read Replies (1) \| Respond to of 5810

I'm just investigating this notion, not seriously considering it (at least not yet), but I have some colleagues who I think are a bit more serious about it. Anyhow, yes, the options in question are qualified. No income realized at execution; only on subsequent sale. I'm not so sure of the AMT for qualified ISOs. Last year's "correction" tax act liberalized the AMT for LT gains considerably, but I admit I haven't worked through it for options of this kind. Must look into that. However, AMT liability, whatever it turns out to be, would likewise exist if the options were exercised outside an IRA. So I don't see a big difference. Still, the basic question remains if the IRS would buy the purchase of ISOs inside an IRA, whatever the external liabilities. And, of course, the next question in the wings is, if they'd buy it in a standard IRA, what about a Roth? Essentially the same restrictions on the two as to what they can invest in. Now THAT's worth thinking about if it's remotely feasible <gg>. Spots