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To: george eberting who wrote (898)	8/28/2000 6:28:40 PM
From: taxgun	Respond to of 3785

George, first of all, you have to ask yourself "what did I deduct on my tax return"(?) in regard to the contribution of Stay shares to the IRA. Then you have a better idea about the taxation of what you are taking out. Presume you paid $2,000 for them (the maximum amount you could do in any year), then when the shares come out, they are taxed at the current market value, plus the penalties, if applicable. You could always argue they have no value if you have no market for them (who would you sell them to??). But I suspect the IRS would be looking for your deduction to be restored back to income. jp