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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: DWB who wrote (21688)	3/11/2000 2:41:00 AM
From: twt	Read Replies (2) \| Respond to of 25814

OT: tax info needed please. I have 50 (@$38/share) LSI shares I bought in '97 and with a recent 2-1 split I have 100 shares total now. I sold 50 (@$58 before the runup :-(( ) shares recently. Summary: bought in '97: 50 shares x $38 = 1900 2-1 split in 2000: 50 shares x $0 sold in 2000: 50 x $58 = 2900 for 2000 year tax purposes, can I say that I sold the all the 50 shares I bought in 97 for a LT gain of $1000 ($2900 - $1900)? If I were to sell the additional 50 shares (from the split) sometime this year say for $100/share for a total of $5000, then the gain = $5000 ($5000 - $0 cost). Will this gain be LT or ST? Or am I violating the IRS rules calculating the capital gain this way?? Anyway advice, information, help is appreciated. Have a great weekend. GO LSI!!!