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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (4117)	3/14/1998 12:17:00 PM
From: Trebor	Read Replies (1) \| Respond to of 42834

>As Bob also states, one way of solving the capital gains tax problem is to hold the stock during a severe market decline. This will cause all of the gains to disappear!< Or, as my accountant and tax man keeps telling me, "Don't let the tax tail wag the investment dog." Put another way, the only thing worse than paying taxes is to not have any profits to pay taxes on.

To: Investor2 who wrote (4117)	3/14/1998 1:32:00 PM
From: Joe Basile	Read Replies (1) \| Respond to of 42834

I2, in addition to your comments to Mr. Spratt. First of all, it would be a good idea for him to counsel with his accountant on the matter. I could be wrong, but I THINK that when you receive a gift (as Jack states), it is not a taxable event unless the amount received as a gift is in excess of $10,000 in any given year. Therefore, if he cashes in 10,000 or less, he would pay no taxes. How capital gains are dealt with in this scenario is a good question. I'll consult my wife (a CPA) on this one to see if she can clarify. Regards, Joe