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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (4323)	2/8/2003 5:42:45 PM
From: MJ	Respond to of 5810

Larry S Thanks----I could not get through to IRS the other night and thought well let me try the thread here. I thought perhaps the transfer would be equal to the price of the stock at the time of transfer and not equal to the basis(amount originally paid). Assuming price one paid for the stock is the basis after transfer also then one could play with which ones to transfer----higher basis or lower basis. Seems like a reasonable thing to do at times----just wish I had thought of it a year ago. I mentioned it casually to my broker the other day and he indicated that he had several clients who did just that---but wasn't able to give me info on the tax part. mj