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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (3332)11/8/1997 8:50:00 PM
From: Investor2  Respond to of 10921
 
RE: "But if you stay long for 60 days and then run naked through the streets on the first rainy Sunday following the day after you close your long position, you may postpone your gain ..."

True, but only if you purchase the stock between May 19, 1997 and August 31, 1997.

Don't you just love the new tax code?

Best wishes,

I2



To: Justa Werkenstiff who wrote (3332)11/9/1997 9:41:00 AM
From: Terry D  Read Replies (1) | Respond to of 10921
 
Justa -
Snuck that in there, didn't you? Thanks for the laugh. I'm awake now. Now I just have to clean up the coffee that went flying.
Sounds like you have real life experience with the joys of integrating tax and investing strategies. A pleasure.
td



To: Justa Werkenstiff who wrote (3332)11/10/1997 8:47:00 PM
From: Pete Young  Respond to of 10921
 
But if you stay long for 60 days and then run naked through the streets on the first rainy Sunday following the day after you close your long position, you may postpone your gain into the following year provided the rainy weather has not made you shorter as a result of the male phenomenum known shrinkage at which point your loss becomes the government's gain as you must pay a 50% penalty for going short without permission <g>.

Wow! Is this tax simplification or what? :>

Seriously, though, anybody know what happens to short against the box situations that were established before the new tax law went into effect, and were held through the change?

Pete