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


To: BWAC who wrote (4306)2/7/2003 10:58:34 AM
From: Larry S.  Read Replies (2) | Respond to of 5810
 
how much you going to bill her?? ggg



To: BWAC who wrote (4306)2/7/2003 10:58:41 AM
From: Patricia Meaney  Read Replies (1) | Respond to of 5810
 
So if it were accrual it is based on earned income for the particular tax year regardless of when it was received?



To: BWAC who wrote (4306)2/7/2003 8:54:36 PM
From: MJ  Read Replies (2) | Respond to of 5810
 
If I move a stock from an IRA to a regular account(individual non IRA) I know that the moving of the stock is the same as a distribtuion in the IRA.

Question then is-------does the stock moved from the IRA to the regular account still carry the same date of purchase or am I starting a new basis as of the date of moving to the IRA-----creating a short term position until the stock becomes longterm.

Just writing this I think I know the answer---however, would appreciate comments.

mj