Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.92

-1.0%

10:49 AM EST

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To: jeff conn who wrote (22963)	11/12/1997 8:58:00 PM
From: DaveA	Read Replies (2) of 61433

Jeff, you can off-set your long-term capital gains with your short-term capital losses. You first net your long-term capital gains and losses and your short-term capital gains and losses. If one group is a net gain and the other a net loss, the two are netted. If the result is still a loss, you can off-set other (non-capital income) up to $3,000 per year. With your long-term (greater than 18 months holding period) capital gain tax rate of only 20% (federal rate only), it would be best to off-set the short-term capital loss against short-term capital gains. Good luck! DaveA

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