Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.23

-4.2%

Dec 2 3:59 PM EST

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To: x-treme who wrote (16186)	10/3/1997 12:30:00 PM
From: Jeff Jordan	of 61433

<It seems to me that people would wait till jan to sell. They would not have to pay tax on the profits for one year.> There are a lot of tax considerations to be made every year. One reason to sell at a profit is to offset losses that year reducing your taxable gain or simply the tax rate might be cheaper that particular year. If capital gains is less the next year you would be better off selling in Jan. or holding,unless you wanted to exit the stock. You are only allowed $4K write off on losses per year then you have to carry forward.Of course profits are taxable each year. Maybe you have other capital gains/losses that effect you taxable net income? The main thing is, these decisions must be made before Dec. 31st. I'm sure the best thing to do is to never sell a (great)stock. A cpa could give you more reasons. JJ

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