Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.44

-3.1%

11:42 AM EST

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To: Sector Investor who wrote (31054)	1/19/1998 8:32:00 PM
From: Jan Crawley	Read Replies (3) of 61433

Hi Sector and the thread: Two tax-related comments: 1. For funds, the tax-sell waiting period is 61 days. Any mutual funds exited ASND before November 15, 97 and took a tax loss may be ready for re-entry. ( For individul the requirement is 30 days. ) 2. Any one who "shorted against the box" in 1997 will have to cover the short BEFORE 1/31/98 in order to receive the capital-gain treatment for their original shares. --- Example: If I shorted 100 shares of Intel (against my long shares) in 1997, I need to cover the 100 shares before the end of this month to qualify my long shares for the future capitial-gain tax treatment. The above may COMMAND more shorts to cover and funds to re-enter after a sound earning reports on Tuesday. Regards, Jan

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