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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO) -- Ignore unavailable to you. Want to Upgrade?

To: Chavez6 who wrote (8954)	3/18/1998 1:23:00 PM
From: John Hensley	Read Replies (2) \| Respond to of 13091

Hi Ed- If you transfer your GRNO stock from a regular IRA to a Roth IRA, you would first need to pay taxes as regular income over a four year period; however, since you didn't make any money, you would just transfer the stock. The great thing about the Roth IRA is that any distributions are not taxed at all, so you would never be taxed as long as you meet certain criteria, the main ones being the funds are held at least 5 years in the IRA, and you are at least age 59 1/2. This is a very good idea for those who have GRNO or any other losers in their IRA's.