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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 104.88-5.2%3:59 PM EST

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To: Zeev Hed who wrote (36037)12/28/1999 2:58:00 PM
From: Don Green  Read Replies (1) of 93625
 
Zeev

Holding Period
If you sold or traded investment property, you must determine your holding period for the property. Your holding period determines whether any capital gain or loss was a short-term or a long-term capital gain or loss.

Long-term or short-term. If you hold investment property more than 1 year, any capital gain or loss is a long-term capital gain or loss. If you hold the property 1 year or less, any capital gain or loss is a short-term capital gain or loss.

To determine how long you held the investment property, begin counting on the date after the day you acquired the property. The same date of each following month is the beginning of a new month regardless of the number of days in the preceding month. The day you disposed of the property is part of your holding period.

Example. If you bought investment property on February 5, 1997, you start counting on February 6. The 6th of each following month is the beginning of a new month. If you sold the property on February 5, 1998, your holding period is not more than 1 year and you have a short-term capital gain or loss. If you sold it on February 6, 1998, your holding period is more than 1 year and you have a long-term capital gain or loss.

Securities traded on an established market. For securities traded on an established securities market, your holding period begins the day after the trading date you bought the securities, and ends on the trading date you sold them. Ignore the settlement dates for tax purposes.

irs.gov

Regards

don
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