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Date:   Thu, 28 Jul 2005
From:   Karen

Hi Mike,

I have a client who would like to swap IRA shares for his ISO swap. Is this possible?

Sincerely,
Karen

Answer

Date:   Mon, 08 Aug 2005

Hello Karen,

No. An ISO is personal to the employee. Technically, the IRA is a separate taxpayer from its "owner".

Good luck!

Mike Gray

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IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained in this answer was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.