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My father-in-law has about $120,000 in communications stock (SBC,AT&T,etc) that he recieved while he was a Bell employee. He is now retired and at 85 is wondering how to use the money without losing it to taxes. He said he only paid $400 in Federal Income Taxes last year, so he is in a low tax situation. What are his options for using his stock for income with out paying alot of taxes? In advance, any advice is appreciated. Thanks, Grandpa Roy
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