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

To: Kaye Thomas who wrote (2239)	7/2/1999 8:46:00 PM
From: Spots	Read Replies (1) \| Respond to of 5810

Good, thanks, Kaye. I more or less suspected something similar to what you have outlined, and I was wondering if anyone here could answer the general question with some authority. As I said in my original post, I have not been seriously considering this for myself, but I have colleagues who are doing so, and it was enough to get me thinking and asking questions about it. Still, it more or less hinges on the issue of whether the IRA is a different person which requires a transfer. That was what I questioned when the ideas was described to me. As you say, the restrictions on the ISO (qualified) are very explicit as to transferability, as you outlined. You confirm my own suspicions. Yet the idea is attractive enough to pursue a legal opinion from someone who would have to represent me if it doesn't work. Maybe. Your description of the "only two ways the IRA can end up with the stock" virtually mirror my reaction to my collegue word for word. However, my lawyer specializes in retirement and estate law and also will answer a casual email for free if it's well grounded and specific. I may still run it by him. My guess is that his answer will be the same as yours <g>. Thanks for taking the time to respond (and plug your book <GG>). Regards, Spots