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

To: sepku who wrote (28866)	12/29/1997 11:47:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 61433

In 1996, I waited until Dec. 30/31 before selling some more stock to be deducted...after the fact, I was informed that they were not viable tax-loss candidates since they were settled on Jan 1 and 2, 1997. Style Pts, Who informed you that? I believe you were given wrong information. According to IRS publication and I quote:"Date Sold - Enter in this column the date the asset was sold. Use the trade date for stocks and bonds traded on an exchange or over-the-counter market. ..." So, you see, it's the trade date that counts, not the settlement date. There are two more days for tax loss selling. Regards, Tom