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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?

To: joemjo who wrote (594)	12/3/1997 4:09:00 AM
From: Cisco	Respond to of 1894

®Why 60 days?¯ I will need all my spare money to pay estimated taxes!!! In the state of Kentucky you don't have to pay your estimated taxes evenly throughout the year because the Revenue Cabinet doesn't have a system in place that distinguishes when you pay the estimate. Therefore most self-employed people wait until the end of December and pay their estimate for the entire year just in time to deduct it from their Federal. Doesn't look like I will be buying or selling before January 15th unless ACMI wakes from the dead before then. If I can claim a loss by flipping it into a SEP I may do that between December 29 and January 3. Nothing special about the 60 days. Just personal reasons. Cisco

To: joemjo who wrote (594)	12/3/1997 9:53:00 AM
From: Cisco	Read Replies (1) \| Respond to of 1894

Todd, Here is the response I got from my CPA on flipping my ACMI stock into my SEP in order to take advantage of the tax loss. Message 2864234 So it looks like I might sell some ACMI at the end of December and buy it back on January 2, 1998. It will probably be my luck that the stock will double during the 3 days I am out. But I wouldn't mind it if the stock goes back up before then so that there would be no tax advantage in flipping it. Todd if you hear anything different on the wash rule, please let me know. It seems my CPA agrees with your tax department. Thanks, Cisco