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To: Brian Malloy who wrote (3270)12/29/1998 12:45:00 PM
From: SJS  Respond to of 19700
 
Believe me, you don't get to wait. You would owe quarterly taxes on a cap gain of any magnitude or risk a penalty and interest which would accrue from the quarter you didn't pay, but the gov thought you should (Q1, 1999).

As I previously mentioned, you would need to pay this quarterly tax in April, 1999, right around the same time you would pay it if you took it on 1998's return...

Call your tax advisor. Don't make a mistake about this.



To: Brian Malloy who wrote (3270)12/29/1998 1:03:00 PM
From: Millionairess  Read Replies (1) | Respond to of 19700
 
brian,

l like what you are saying re: jan 04/99 but i might move the selloff to a little later at least for net stocks IMO since amzn splits on the mon. and i believe that yhoo reports earnings on the tues. (if none of this has changed) - yhoo earnings are famous for creating selloffs in the afternoon before and the day after they report - hope any sellof will be minor :)

good luck, m


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