EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: TigerPaw who wrote (11046)	9/1/2000 9:38:49 AM
From: Lynn	Read Replies (1) of 17183

Dear TP: Gerald is correct. If you sell shares of MCDT the day after you get them, the sale gets reported on Schedule D, Part II [long term gains since you have held EMC more than one year]. For the date you acquired MCDT you would record the date you bought EMC, _not_ the date you got MCDT via the distribution. BTW, if you only get a few shares of MCDT because you don't hold a large position in EMC, don't bother selling the shares (of MCDT) right away if you don't want them. After distributions such as this, people who hold less than a certain number of shares normally receive an offer for them to sell these shares. This saves most people on the comission they would normally pay through their brokerage account. Regards, Lynn

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