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Non-Tech : Tyco International Limited (TYC)
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To: Richard James who wrote (787)12/3/1999 2:48:00 PM
From: BI*RI   of 3770
 
I see three options for funds (and funds are what's moving this, not you or me);

1) Fund can sell anytime through 12/31/1999 to claim a tax loss. BUT, Capital Gains distributions have already occurred by then for most of them, so what's the point?

2) If they wanted a tax loss, yet want it showing in the portfolio for window dressing, then they would have to sell by 12/1 to buy back by 12/31 (30 day wash rule)

3) They want tax loss for '99 but returns from anticipated rebound in '00: They sell anytime up until 12/31 and re-buy 30 days+ into '00.

Of course all this would only apply to funds that are concerned about tax efficiency.
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