Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.23

-4.2%

3:59 PM EST

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To: Gary Korn who wrote (28449)	12/21/1997 10:39:00 PM
From: Jerry J. Kaczur	of 61433

In regard to the question about the IRS Wash Sale rule, mutual fund companies are also subject to the 30 day rule. Only stock dealers are not subject to it. In addition, if you option writers didn't know already know this, the premium you get is not taxed until you close your position or the option & stock is exercised. So you don't declare the option premium(s) you received as income this year if you sold calls or puts that don't expire until next year. jjk

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