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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Bill Martin who wrote (1880)	12/14/1997 10:34:00 PM
From: J. M. Blackburn	Read Replies (3) \| Respond to of 3696

Bill: I'm not an accountant either but if I FIRST make a purchase in an account which doesn't have to be reported and is an non-taxable event and THEN make a sale in a seperate taxable account, how have I violated the wash rule? Isn't that the same as selling designated shares? There are 2 points: I'm buying first (which probably isn't necessary) and one is a taxable event and the other isn't. Usually I go to extremes not to upset the IRS and to cover my butt with documentation but I just don't see the problem. I'll rethink my strategy tonight and if there is any second thoughs in the am I'll call my accountant. Thanks JMB