Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: dvdw© who wrote (50707)	1/20/2011 11:35:21 AM
From: Brasco One	1 Recommendation of 95541

As you all know, recently passed Congressional legislation requires all Financial Services Firms to accurately capture and report all gains and losses from the sale of equities purchased or acquired on or after January 1, 2011. This legislation is being introduced in three phases: Beginning January 1, 2011 – Equities Beginning January 1, 2012 – Mutual funds and certain dividend reinvestment plans Beginning January 1, 2013 – Other specified securities such as options and bonds The cost basis information for equities will begin to be reported on client statements and on 1099s generated in 2012 for the 2011 tax year; for mutual funds and DRIP plans in 2013 for tax year 2012 and for options and bonds in 2014 for tax year 2013.

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