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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 (2296)	9/15/1999 3:01:00 PM
From: Ira Player	Respond to of 5810

After submitting the post, it turned out the error was in our own Human Resources Department. They didn't check with the 401(k) custodian, they quoted off the original amortization table. Since I had paid a few lump sums, the table was not longer valid. As always, I like to learn the rules, even if they don't effect me. Another question regarding 401(k) plans: What is involved in setting up after tax contributions as well as before tax? Our plan only has before tax contributions, which are limited to $10000. I have found literature making reference to 'after tax contributions', but no details about the rules, limits, etc. Thanks, Ira [EDIT] I don't 'Play' with the 401(k) much. But the transactions are cost free. Some timing is possible...<ggg>

To: Kaye Thomas who wrote (2296)	9/21/1999 12:56:00 PM
From: Fernando J. Pineda	Read Replies (1) \| Respond to of 5810

Margin loan and IRS? I'm planning on taking money out of a margined account for noninvestment purposes. This will make part of my margin loan interest not tax deductable. Consequently, I want to do my accounting so that it is acceptable to the IRS. This leads to the general question about how to do tax accounting for a margin loan. Should I allocate the loan to separate lots corresponding to individual transactions (i.e. stock purchases/sales and withdrawals/deposits) or should I just treat the margin loan as two separate loans: one deductable and one not. If I sell stock, how do I allocated the proceeds to the two pools, FIFO or designated lots? Any pointers would be appreciated. Thanks -- Fernando