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

To: Colin Cody who wrote (2393)	11/15/1999 11:53:00 PM
From: Kaye Thomas	Read Replies (1) \| Respond to of 5810

Well Colin, everyone makes mistakes, even me! :-) But that's a pretty wild one. Did you send a message to the perpetrator? Kaye Thomas, author Fairmark Press Tax Guide for Investors fairmark.com

To: Colin Cody who wrote (2393)	11/19/1999 12:14:00 PM
From: Stan Michael	Read Replies (1) \| Respond to of 5810

Colin, Here's another flat statement from the Quicken Web Site that I think I might question; I was of the impression that commissions were added into cost basis. If the following statement is indeed accurate, how does one go about paying commissions/fees to your brokerage in a self-directed IRA. --Stan >>Goof-Proof Active Trading >>Your best bet is to restrict your active trading to your >>tax-free or tax-deferred account like your traditional or >>Roth IRAs. You can make trades all day long in your IRA >>and never worry about reporting anything to the IRS. Fill >>your taxable accounts with more stable, tax-friendly long- >>term securities that you don't plan on selling for a >>while. Keep in mind, though, that when you make stock ---------------------------------------------- >>trades in your IRA you'll want to pay your commissions ------------------------------------------------------ >>with after-tax dollars. Commissions withdrawn from IRA ------------------------------------------------------ >>funds will be hit by the same 10% penalty that an early ------------------------------------------------------- >>withdrawl would be charged. --------------------------- >>Joseph Anthony, based in Portland, Oregon, is a tax >>professional specializing in individuals and small >>businesses.