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

To: John Hensley who wrote (8955)3/18/1998 1:38:00 PM
From: John Crovelli  Respond to of 13091
 
John, I had the same question and you provided a great answer.

Now lets hope this issue becomes a winner in the future.

John



To: John Hensley who wrote (8955)3/18/1998 3:34:00 PM
From: Charles A. King  Read Replies (3) | Respond to of 13091
 
John, assuming this is a traditional tax deferred IRA that you are transferring to a Roth, are you sure you don't pay taxes on the value of the stock on the date of transfer, regardless of whether the stock is lower than what you bought it for? I'll bet that if you transferred, say $50,000 worth of stock today and it later became worthless, you would still pay tax on $50,000.

Charles


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