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To: ANANT who wrote (15134)	12/27/1997 12:06:00 PM
From: ANANT	Read Replies (2) \| Respond to of 27012

sonki: About 1997 taxes As per my CPA Note relating to 1997 Cap.Gain taxes: The new tax law requires segregation of cap. gains on sales after July 28,1997 by Long-term, Mid-term, and Short-term. Long-term gains before July 29, 1997 need to be segregated into pre May 7,1997 and post May 6,1997. Here is the summary of cap. gain tax rates for 1997: Short-term (held 12 months or less) 39.6% or ord, rate Mid-term (held between 12 and 18 months and sold after 7/28/98 28.0% Long-term (held more than 18 months and sold after 7/28/97) 20.0% (If ord.income is taxed at 15% 10.0% (held more than 12 months and sold between 5/7/97 and 7/28/97 20.0% If you have any questions shoot or e-mail. I am getting my computer fixed. I am posting this from another computer. rgds ANANT