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To: Sawtooth who wrote (50047)11/15/1999 11:38:00 AM
From: Bux  Respond to of 152472
 
Basically, the IRS wants its money on a gain ASAP. In your example, the way I understand it is the tax on the gain realized would be due.

Thanks for clarifying. It's funny how a simple thing can become complicated when someone chimes in with facts that are essentially correct but not relevant.

Bux