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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: pat mudge who wrote (441)6/29/1999 4:05:00 PM
From: gdichaz  Respond to of 24042
 
Pat: There is hope. The current US holding period to qualify for long term gains is twelve months at which time you go to a 20% hit. So if you are beyond 12 months now, cool. A nontaxable exchange is best, but absent that, a loss of 1/5 is the best US tax treatment going. As the old song goes, check with your friendly tax advisor or the IRS, but that is my understanding. Hope for your sake and mine, that is right.

Chaz



To: pat mudge who wrote (441)6/29/1999 5:15:00 PM
From: Stephen L  Respond to of 24042
 
Check the document. I believe the effective date was either June 28 or today. I actually sold my JDS 5 days ago and rebalanced in some other opportunities. Oh well at least Uncle Sam also lost the last 8 points on UNPH.