Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.39

-1.0%

10:22 AM EST

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To: PAL who wrote (51144)	11/19/1999 10:04:00 PM
From: Stu R	Read Replies (1) of 152472

Paul: I don't agree with your statement: "All shorts (equity or option) are never considered LTCG regardless how long the time frame." With respect to equities, I believe that generally, unhedged short sales held more than one year would qualify as LTCG. Of course the rules being discussed here are complex (because of certain exceptions). I agree strongly with your comment about checking with a competent CPA. For those interested in looking it up Code Sec.1233(a);Reg. 1.1233-1(a)(2) would be a good place to start. Rose, thank you for the put margin requirement explanation it was very informative and well explained. Stu

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