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To: Dr. Jeff who wrote (126143)9/28/2001 9:23:00 AM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
Dr. Jeff -

Then you won't ever have to cover and won't be taxed on the "gain" since you never actually bought it.

This is no longer true as the tax law changed.

Regards, Don



To: Dr. Jeff who wrote (126143)9/28/2001 12:55:55 PM
From: John Graybill  Respond to of 436258
 
Nope, the IRS gets notified on the sale, and it's up to you to declare the low price when you do your taxes.