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From: calvert@ut-sally.UUCP (Ken Calvert)
Newsgroups: net.invest
Subject: Question on Rollovers
Message-ID: <4436@ut-sally.UUCP>
Date: Mon, 17-Mar-86 00:43:44 EST
Article-I.D.: ut-sally.4436
Posted: Mon Mar 17 00:43:44 1986
Date-Received: Wed, 19-Mar-86 00:11:10 EST
Distribution: na
Organization: U. Texas CS Dept., Austin, Texas
Lines: 17
Keywords: Lump-sum distributions, IRAs, taxes

I recently received a lump-sum distribution from the
Employee Stock Ownership Plan of my former employer.
The company informs me I have 60 days to roll over the
entire amount into another "retirement" plan or an IRA, or
I suffer the (Tax) consequences.  My question is, how can I roll
over the stock shares?  May I sell them and put the money into my
Mutual Fund IRA?  If so, will I be liable for capital gains
on the proceeds above the basis value?  If I don't want to sell
the stock, is there any way to turn it over to a trustee and just
designate the shares as an IRA?  If so, who could serve as such a
trustee?

opinions, pointers, comments appreciated.

Ken Calvert
calvert@sally.UTEXAS.ARPA
{ihnp4,seismo}!ut-sally!calvert