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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (1353)	4/10/2000 8:40:00 AM
From: Didi	Read Replies (1) \| Respond to of 2317

Taxes-observation: QQQ & SPY... Please note: >>>Examples of such shares are Standard & Poor's Depositary Receipts ("SPDRs"), NASDAQ100 Index Tracking Stock and DIAMONDS. These shares are generally taxed as interests in a regulated investment company ("mutual fund") for Federal income tax purposes. Thus, dividends paid from investment income (including dividends, interest and net short-term capital gains) are taxable to beneficial owners as ordinary income. Similarly, capital gain distributions from net longterm capital gains are taxable as long-term capital gains regardless of the length of time an investor has owned the fund shares.<<< optionsclearing.com Per following, Cap Gains = 0 in 1999 for both SPY & QQQ: amex.com amex.com ---------------------------------------------------------------------------------- Thus, gain/loss = short-term ;-)? di