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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?

To: Keith J who wrote (10972)	10/11/1999 6:51:00 PM
From: Gerald Walls	Read Replies (2) \| Respond to of 15145

"NOTE: IRS regulations require E*TRADE to report commission rebates for non-retirement accounts in excess of $600 per year as miscellaneous income on a 1099-MISC form, subjecting them to income tax. However, we will continue to report the full original pre-rebate commission for each transaction." It appears that commission rebates should be reported as Misc Income regardless of the amount and that the full commission be treated as having been paid on the transaction. This makes sense, in a way. The $75(?) payment for opening a new account would presumably be treated the same.