I'm going to be taking my first IRA distribution before the end of 2006. A short article in the latest issue of "Bottom Line Personal Edition" says that IRA distributions don't have to be made in cash, they can also be made by transferring shares out of the IRA. As there's mostly stocks I'm happy with and minimal cash in my IRA, I'm keen on the idea of avoiding broker's commissions by transfering some stock from my IRA brokerage account to my regular taxable brokerage account with the same firm. I assume that the dollar value of the distribution is determined by the number of shartes and the stock's price on the date it's transferred out, but how should that price be determined? (Opening or closing, max or min that day?) And, what would be the those shares' "cost" and "aquisition date" for the purpose of calculating capital gain or loss when and if they are subsequently sold? Thanks guys,
Jeff
-- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10^12 furlongs per fortnight.