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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Xplorer who wrote (2773)	10/8/1998 1:22:00 AM
From: Bill Martin	Read Replies (1) \| Respond to of 3696

Re: But, a question does come to mind. Could you buy options on the stock, sell the old stock, and 30 plus days later use the options? According to the 1998 Lasser's tax book (pg 470) that's still a violation of the wash sale rule. It says it's a wash sale if it involves "....substantially identical stock or securities, or a put or call option on such securities." Whatever Lasser prints is about the extent of my knowledge on tax law. As a rule though, I suspect anything at all that you or I are able to think up to evade the wash rule has long since been thought up by some tax lawyer and then subsequently outlawed and papered over by the IRS. Bill