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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: James B. Ditsworth who wrote (28865)	8/30/1999 12:03:00 AM
From: johnd	Read Replies (1) \| Respond to of 74651

Teflon, Do you believe Sun really can compete with Microsoft office? Of course office is microsoft's cash cow. Even pricing pressure would be bad for a while. But what is Sun trying to do here to MS office?

To: James B. Ditsworth who wrote (28865)	8/30/1999 11:19:00 AM
From: taxman	Read Replies (1) \| Respond to of 74651

"any other situations where a step-up in cost basis can occur?" not that i know of. but what about locking in gain with puts? no tax due on put purchase. but check out cboe tax section. regards

To: James B. Ditsworth who wrote (28865)	8/30/1999 3:47:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 74651

Is anybody familiar of any other situations where a step-up in cost basis can occur? Gifting to minors? Other beneficiaries? Gifting to an irrevocable trust? Anyone that you would "give" shares to would have the same cost basis for tax purposes as you do. If you gifted to a charity then the charity has the same cost basis but since they're tax exempt the basis doesn't matter. The only way that I know of to raise the basis is to die. Of course then you have the Death Tax, euphemistically known as the Estate Tax, to contend with. I'd advise you to talk to a lawyer and estate planner on those matters.