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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: DR. MEADE who wrote (9678)	12/23/1998 1:50:00 PM
From: BONZ	Read Replies (2) \| Respond to of 10903

Maggie. Let me chime in if I could. Tax law requires you to report a stock sale in the year you initiated the sale ( the trade date ) whether at a gain or loss. Does not matter that your settlement date is in 1999. So I guess you have up to December 31, 1998 to sell, but I think market closes a bit early on New Year's Eve. Watch out for "wash-sales" rules though. Can't deduct a loss if you have bought "substantially identical stock" either 30 days before of after your sale of the security. CPA's are always reachable for questions like this. Let me know if you need a new one. :)) Happy Holidays to you and yours. Kirk