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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 237.02

-2.3%

12:13 PM EST

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To: HG who wrote (86103)	12/3/1999 2:34:00 PM
From: Jan Crawley	Read Replies (1) of 164684

Hi Happy, I am not a trader/declared trader so I am only very sure about what I am doing. My L-t holdings such as Intc/LU/Wfc are not traded at all. I write(sold) options on those positions sometimes, and the options gain/loss are always netted for tax-purpose and treated as ordinary income. (All gains from shorting are always treated as short-term gains per tax-law; there is no such thing as L-T short gain). All my tradings are in two on-line A/Cs and they are clearly not intended to take advantage of the tax-rules or wash-rules; and so far I can pretty much match all trades with gains. All our short-term gains are treated/taxed as ordinary income along with all the salary incomes. Not a pretty picture but that's the way it is. I would think that you are in the same boat? p.s. Wash-rule is set up to sorta "prevent" people to manipulate the selling as a year-end tax tool, so the "intent" is always the base.

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