In case anyone is trading through a traditional IR
Post# of 36536
(Total Views: 496)
Posted On: 06/26/2020 4:24:19 PM
In case anyone is trading through a traditional IRA and did not take tc's advice. I converted my CYDY, GNBT, and, NGIO shares to a Roth. I will owe about $1500 or less in taxes. My IRA has doubled and NGIO has not even priced yet. I have also submitted the form to move my AAPL there. I have no interest in trading it and I have all of my original investment back. I will strategically move equities to the Roth a little at a time, so that I can gradually pay the taxes. Now that it appears that NGIO may become a reality, transferring it to a Roth with no taxes due seems to be a win-win situation.
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