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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: tekboy who wrote (4465)8/2/2000 12:04:00 AM
From: nosmo_king  Read Replies (2) | Respond to of 22706
 
why not gift him your Citrus and take the tax loss? that's what my older brother would have done...

couldn't do it to him 'cause...

a) he's not as sofa king we todd did as I
b) it's in an IRA account
c) he's my baaaaby bro, but so much larger than I
and, finally,
d) Sh*trix is no longer. Too painful to hold so it's now joined my Qdog/Spindog

cnk@I'veneverlostsomuchmoneysofast



To: tekboy who wrote (4465)8/2/2000 2:00:11 AM
From: Mike Buckley  Read Replies (1) | Respond to of 22706
 
tekboy,

why not gift him your Citrus and take the tax loss?

You really do need to spend less time studying options and more time studying fundamentals of investing. Gifting a stock that is lower than the power price only eliminates the giver's tax loss. There are no tax implications of the gift for the person recieving it until the equity is sold.

But I do like your baseball stuff.

--Mike Buckley


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