Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Nathan L. who wrote (11002)	8/29/2000 12:05:12 PM
From: Lynn	Read Replies (1) \| Respond to of 17183

Dear Nathan: It's not what I think but what I know: >I'm curious, what makes you think that they would give cash for the fractional shares? Corporations issue a check for the value of the fractional share. This is standard procedure. Over the years I have received quite a number of these [pain in the neck] cash in lieu payments. The IRS loves these "cash in lieu" payments [what the form you get for taxes says]. Why? Because the vast majority of people do not take the time to figure out the cost basis for this fractional share payment and merely write, "Cash in lieu," on the cost line on Schedule D [short or long section, depending on how long the underlying stock, e.g. EMC, was held] then pay tax on the entire amount. For the remainder of you reply, I really do not know how to respond because you are really just restating, using different words, what I said. Regards, Lynn