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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (28449)12/20/1997 10:24:00 AM
From: Terror  Read Replies (3) | Respond to of 61433
 
Did anyone catch Wall Street Week lastnight? It killed me to miss it but our Company Christmas Party was last night. Thanks in advance with any of their panalist views of what is going on with the market today and recommendations for the future......

Any word about T,,,,,INTC,,,,,MSFT,,,,,GE?

Thanks,
Marcie



To: Gary Korn who wrote (28449)12/20/1997 4:10:00 PM
From: Jan Crawley  Respond to of 61433
 
I understand that the requirement is 60 days. I will verify it and post it again if I am wrong.



To: Gary Korn who wrote (28449)12/21/1997 10:39:00 PM
From: Jerry J. Kaczur  Respond to of 61433
 
In regard to the question about the IRS Wash Sale rule, mutual fund companies are also subject to the 30 day rule. Only stock dealers are not subject to it.

In addition, if you option writers didn't know already know this, the premium you get is not taxed until you close your position or the option & stock is exercised. So you don't declare the option premium(s) you received as income this year if you sold calls or puts that don't expire until next year.

jjk


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