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  4. Nanotech Entertainment Inc. (NTEK) Message Board

I'm 72. I must withdraw by law and pay tax. Not

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Post# of 96892
(Total Views: 302)
Posted On: 02/03/2017 1:07:28 PM
Posted By: Disco Bob
Re: Kachingpdx1 #72841
I'm 72. I must withdraw by law and pay tax. Not allowed by law to add to dollar cost average or start Roth. I can put withdrawals into a cash account if I want to pay even more taxes again when I withdraw from it. I was required in 2016 to withdraw $478 from IRA based on what's left. The effect reduced my bases over $10,000 of what I invested in NTEK. Hopefully NTEK goes up big time before Dec 31, 2017 so losses are not as much until my b/e of $1.75 per share is achieved.


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