EDIT: A great OG IRA-DRS ape, u/winebutch found a non-broker custodian, Mainstar Trust, who offers SDIRAs, has already DRS'd multiple IRAs with them, and has outlined the process beautifully here:

https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=web2x&context=3

For any who may not know, no surprise that Ally/ Apex has dropped the ball and a lot of potential clients, myself included, by requesting any previously DRS'd IRA shares be pulled back or they will be coded as a taxable distribution. Had a hunch, so I attempted to transfer within CS to a different custodian, without pulling them out of book entry-- this worked temporarily, but Computershare did catch on and moved my shares back, so I do not recommend Ally or the process I used in this post.

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(original post:)

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Here we go, all you soon to be retired apes and apettes (if you so choose), just got my traditional IRA into the DRS pool where it belongs...

read: Apex Custodian For Benefit Of (my) Traditional IRA

Edit: a friendly ape pointed out a much needed omission to the screenshot. Thanks, u/krissco !

INTERESTING NOTE: I was able to search for this account (since I did not have my Holder Account Number yet) using my SS#, and it and my Roth and my cash account all popped up as registered to it. I'm sure the custodian's EIN number is on there somewhere as well, but it is reassuring that these IRA accounts with CS still appear to be also under my own ID

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And just to be repetitive, the online account shot:

Yep, Apex Custodian For Benefit Of (my) Traditional IRA. Book shares. Nice.

If anyone has any interest whatsoever in how I did this with both my Roth IRA and now with one of my traditional IRAs (the rest are close behind), it's the same process for both, which I spelled out as clearly as I could here.

Only difference in the process was I took this same exact hand-scratched legal pad letter template (below) that I used for my Roth, and rather than emailing it to Ally's customer support, I uploaded it on their site via secure document upload.

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I know, I know, I shoulda used a crayon.

Uploaded this letter on the 25th of Oct., it has cleared today, the 29th, so 4 days from upload to DRS.

Also initiated transfer from my other 2 IRAs at TD on the same day, and one has just showed up in my Ally account at the same time the first round of DRS disappeared (now at Computershare).

From my last post, many apes had a lot of great questions and concerns on those posts regarding tax implications of selling, and how exactly one might go about that, so first I talked to an estate lawyer I know, who ran my scenario past their CPA and this was the voicemail message I received back:

"...she (CPA) believes that would work and that as long as it's a direct rollover it would not be taxable so hopefully that answers your question. She indicated if you wanted to call her to discuss it further she's willing to do that. She is familiar with Ally and she said she's comfortable with that company..."

I did leave a message this week and am waiting for a callback. Trying to pay to review the specifics and get something in writing, hopefully by next week.

Had some other questions which I just asked CS in a chat tonight before I saw there is going to be an AMA with Dave Lauer and Computershare at 4pm ET on Nov 3rd over on his sub. I'll post this chat below as I found out a few things I did not know.

Like if I even could possibly hit 'sell' from inside my CS account, if I ever wanted to...

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https://preview.redd.it/1c7s9j0cjiw71.png?width=1088&format=png&auto=webp&s=ddcf443f4f913e427c6c00cd1616a6ef44d8425c

aaaand sorry for the redundancy here, I have no idea how to make a decent Reddit post

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I like to ask questions right after I already get the answer to it. How I roll.

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Keyword: DRS Profile system. Remember this.

Kenneth and I seem to be talking about two different things here, which I clear up in a sec below, but still, the "incoming DRS procedure" received from Ally on my first post (i.e. via ACAT trfr form) appear to be WRONG.

I will go edit my previous post on that part, as this chat gets a bit more enlightening regarding getting shares from DRS *back* to my broker.

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BINGO. I CAN DRS BACK DIRECT THROUGH COMPUTERSHARE

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You can initiate a transfer out from DRS by sending a simple letter to Computershare with the details Kenneth spells out below:

Stay tuned for another hand-scrawled legal pad ape-letter template...

... and this time it'll be in crayon.

That is going to be hilarious. Walking into the bank in full moon boots, GameStop sweats, Ape Together Strong t-shirt, gorilla mask, bunch of bananas in one hand and crayon letter in the other (representing just an insane value) to get it medallion stamped.

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Now, regarding Apex,

This may be tricky for CS to answer. Not everyone plans for major corporations to just go 💥 poof 🔥

I did already submit this basic question for the AMA next week, but I think Kenneth answered it right off the bat with the stamped letter in order to sell a "Batch Order" and just receive a check. Then I think I can deposit the check back into any IRA account to be considered a rollover. Still need confirmation on this.

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There it is.

So my plan, whenever I feel like selling a share or 2, is to overnight a crayon written request letter to CS with all the "DRS Profile system" info Kenneth listed above, complete with medallion stamp, and in 2 days it will show up back in the broker IRA account. Then, DRS them back just for fun!

TL;DR

• Already DRS'd my Roth, now I just DRS'd my traditional IRA after transferring to Ally. How I did that here.
• Ran my process past a CPA who believes it is still tax protected and approves of Ally. -- still working on getting this approval in writing.
• It **Appears** as if I have the option to just hit the sell button inside CS, but no dice -- all transactions for DRS shares in IRA account with Computershare do indeed require a Medallion stamp, no ifs ands or buts.
• Easiest way to sell shares in an IRA in CS is to write a letter with all the info (listed above), get it stamped and overnight it straight to CS (address above)

For any new apes if this makes zero sense, basically:

1. GME is naked shorted beyond belief, meaning more "shares" exist in the market (DTC) than should even be possible,
2. To buy/ hold GME shares is good, but those you direct register with Computershare, GameStop's transfer agent, guarantees they are yours, removes them from the DTC, and is this # shares closer to forcing short sellers to close positions, i.e. pay you whatever price you want for yours.
3. Many U.S. apes such as myself hold GME shares in retirement accounts like IRAs, and up until now it seemed rather difficult to DRS them without paying tax on withdrawals and penalties if under ~60 years old. The big brokers don't offer this, but they can, and some will. The above is one way I found to DRS my IRA.
4. This is not tax, financial, gaming, market, culinary or equine advice. With their new and growing executive leadership, free cash position and developing tech, GameStop may just be the best kept secret in the entire market right now. And not just the stock market. But this is all just my smooth brained opinion. As for me,

I like the stock.