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To: jim bowman who wrote (38202)10/1/1998 2:53:00 PM
From: LowtherAcademy  Read Replies (1) | Respond to of 41046
 
Jim, I'm sure you'll find this interesting:
Talk : Brokers/Resources : Income Taxes and Record Keeping ( tax )

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To: +WallStBum (1360 )
From: +Kaye Thomas
Thursday, Sep 24 1998 4:38PM ET
Reply # of 1373

I've checked out your sight a number of times and forwarded it to others; it's a
terrific site. But what's in it for you?

My standard answer, at least when I get that question here on SI, is that I hope to sell
the site some day for $33 million. (wink)

The truth is that I started the site without a business plan. Like Colin, I enjoy helping
people and often answer questions here and in other forums. I started experimenting
with the web site late last year as a way to offer more complete answers, particularly for
questions that come up repeatedly.

It has "growed like Topsy" since then, both in volume of the site (around 600 pages
now, if you print it all out) and volume of traffic (still puny relative to a juggernaut like SI
but growing nicely). I don't draw much legal business from the site because people who
hire firms like mine (a prominent downtown Chicago firm) generally do so on the basis
of a relationship. And it takes a huge amount of my time. I guess in the end the only way
I'll be able to carry on is if it becomes popular enough so I can make a decent amount
through advertising. It's a long way from producing enough traffic so I can "quit my day
job" but there's plenty of room for growth. Yahoo still doesn't acknowledge my
existence despite multiple submissions; with a decent listing there and some other
promotion the site might start to bring in more than it costs.

Oops, I'm rambling . . . well, you asked for it.

Kaye Thomas, author
Fairmark Press Tax Guide for Investors
fairmark.com

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To: jim bowman who wrote (38202)10/1/1998 9:46:00 PM
From: George Papadopoulos  Read Replies (2) | Respond to of 41046
 
OT
>Here's another twist. Are the rules for claiming losses different if the sold stocks were purchased more than 12 months (Qualifies for LTCG) prior to the sale?

I am not sure what's your question, maybe it's not twisted enough<g>?

George