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Technology Stocks : Leap Wireless International (LWIN)
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To: J.B.C. who wrote ()1/30/1999 10:40:00 AM
From: netwatcher  Read Replies (1) of 2737
 
Is anyone aware of conditions under which an individual can avoid paying taxes on the LWIN distribution in 1998? The text below is from the LWIN investor info page and leaves me with the impression that there may potentially be a situation in which a taxpayer can defer or recharacterize the gain.

Thanks for any suggestions.

From LWIN site:
Q. What is my tax basis in LWIN shares received in this distribution?
A. The tax basis of the LWIN shares you receive in this distribution will be equal to the FMV of those shares ($6.875 per share).

Q. Can I avoid paying taxes on the dividend this year?
A. Each stockholder's tax position is unique to him or her and you must consult your tax advisor to make this determination.
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