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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: J. C. Dithers who wrote (35234)4/3/2001 5:14:28 PM
From: djia101362   of 65232
 
JC-

I don't think that is an issue because the code says that you can designate a security to have section 475 NOT apply to, meaning you are buying it for long-term purposes, as long as you identify that particular security ahead of time.

I think the best way to do this is to actually identify a particular account that you want to make the election for, and have a separate account for your long-term investments.

At any rate, each of us needs to decide for ourselves if we even can be considered a "trader".

Again, check w/ your tax advisor.
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