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To: ADAM BROSIUS who wrote (3394)	3/13/1998 1:01:00 PM
From: Tom_	Respond to of 12617

Adam. See Robert Green's post (#3389). My (lay) understanding of "mark to market" is that it means that a "trader" in stocks may pretend to sell the securities they hold, on the last day of the tax year, and at market value, and use the resulting paper gain or loss as a real gain or loss for tax purposes in that year. The new tax basis of the shares, for when they are ultimately sold during the next year, becomes the market value on that last day of the year. If I'm wrong about this I'm in even deeper confusion than I thought I was.