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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (1321)6/12/1999 4:04:00 PM
From: Mama Bear  Read Replies (2) | Respond to of 10293
 
Dale, of course the IRS doesn't view your sale of half of your shares at your original cost as a return of capital. You will have $2500 of taxable gains to deal with in your example.

I tried that trick, and it didn't work for me. I had some fully paid for 'free' shares and woke up one morning to a 50% gap down. I found I had gotten attached to that money. -g-

Barb



To: Dale Baker who wrote (1321)6/12/1999 8:44:00 PM
From: lindend  Read Replies (1) | Respond to of 10293
 
I guess we have different philosophies (maybe cause I'm overly pessimistic????).

If I lose a paper gain, I'm frosted that I didn't have the foresight to cover or sell, regardless of whether my overall position is positive. Unless the shares were given to me at no cost, potential profits were lost.

Time to put this topic to rest, there's SO much else to discuss!



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