You can DRS shares held in a retirement (IRA) account. Its a bit more involved and can cause tax events. This website gives guides on how to do it:
There are multiple ways to directly register your shares from your IRA
These guides work for any US company and any US transfer agent. Just swap out GameStop's and Computershare's details for your company and transfer agent.
As a matter of fact, there was a kerfuffle in 2022 with GME where a registrar agent named mainstar allowed IRA Shares to be DRS'd with them as the account custodian... just took dump the DRS'd shares to market claiming that they did not want to do it anymore.
Many of the dumped shares got sold causing a shit storm as many people ended up with a major taxable event.
It also just so happened that they did this JUST before the cutoff date for the shares to be counted for earnings.
Does this work with IRA accounts without creating a holding corporation?
“Pretend” I’m dumb on this and ‘splain me like I’m 5.
ChatGPT can do this. Break things down into simpler terms for you.
Very handy.
You can DRS shares held in a retirement (IRA) account. Its a bit more involved and can cause tax events. This website gives guides on how to do it:
Thank you!
I don’t believe so.
It sounds like they’re saying it does above here, but I’m a bit thick on financial regulations with government holding accounts.
It is not allowed under IRA accounts.
As a matter of fact, there was a kerfuffle in 2022 with GME where a registrar agent named mainstar allowed IRA Shares to be DRS'd with them as the account custodian... just took dump the DRS'd shares to market claiming that they did not want to do it anymore.
Many of the dumped shares got sold causing a shit storm as many people ended up with a major taxable event.
It also just so happened that they did this JUST before the cutoff date for the shares to be counted for earnings.
Thanks, sounds like IRAs are just going to have to contribute to float.