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To: Valueman who wrote (15408)9/23/1998 12:51:00 PM
From: dougjn  Respond to of 152472
 
I think even the man from Oz (or that neighborhood anyway) may discover he's got a tax bill afterall. I.e., dividend income treatment, rather than capital gains. Only a guess, of course. (On the other hand the whole thing may be sufficiently obscure that our Wooly friend can just slide through. <gg>)

Doug



To: Valueman who wrote (15408)9/23/1998 2:28:00 PM
From: JMD  Respond to of 152472
 
Valueman, I'm hip to the notion of "low price on day 1 to minimize tax bite", but: what exactly constitutes our tax basis on day 1? The opening price, median price, closing price? Also, can I take a deduction based on diminuation in value cause the ticker symbol resembles a certain White House aide? Inquiring minds want to know. Best, Mike Doyle


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