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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 (2298)	9/21/1999 11:57:00 AM
From: Walter C.	Read Replies (1) \| Respond to of 5810

RE: Is a Convertible Note a "Substantially Identical Security". Kaye: Generally, in you view, is a convertible note a "substantially identical security"? For example: Time 1: Own Stock of Company X below purchase price. Time 2: Buy Convertible Note (Convertible into Stock of Company X). Time 3: Sell Stock of Company X at a loss. Issue: Is the Convertible Note an "Identical Security" and, therefore, is the sale of Company X's stock at a loss subject to the wash rule? By the way. Thank you for your time here and for your website. Walter C.