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

To: MJ who wrote (4320)	2/7/2003 9:31:48 PM
From: BWAC	Read Replies (1) \| Respond to of 5810

Why are you doing that?

To: MJ who wrote (4320)	2/8/2003 7:52:51 AM
From: Larry S.	Read Replies (1) \| Respond to of 5810

At first, I thought the answer to your question was simple: 1. The value of the stock on date of distribution(from IRA to Regular acct) is the cost basis of the stock in the regular account. 2. This dollar value is reported as a distribution from an IRA 3. the holding period. I would assume that the holding period starts on the day of distribution. However, I would like to hear BWAC's and other's opinion. Beware of BWAC, he is charging for his advice now. gggg (just kidding) larry