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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Kaye Thomas who wrote (2270)	7/26/1999 1:24:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 5810

Kaye, actually last year they went into effect for the first time, thus the change in the Schedule D form. The question which relates both to super long term capital gains and normal "long term capital gains", is investments in debt convertible later into equity. I am putting my capital at risk in a "start up" or development stage company at the date I buy their debenture, is that date the start date for that investment or is the conversion date to equity the starting point? The language of the Super Capital Gain law was "investment in a small business (having assets of less than $50 MM)", not acquisition of "common shares". TIA Zeev Zeev