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

To: Jan Crawley who wrote (31083)	1/20/1998 8:35:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

However, What I know at this point is that one has to cover on or before 1/31/98 to qualify the original shares ( shares you own and aginst which you shorted ) for future cap-gain purpose. -- Profit from "Short against the box" is a constructive sale and taxed as regular income. Jan, Feel free to research further. It is my understanding (I have been wrong many times before) that the short against the box capital gains/loss affects were removed with the change in capital gains loss tax changes that occured about a year ago. Glenn