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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Donald B. Fuller who wrote (28011)	2/3/1999 7:42:00 PM
From: Proud_Infidel	Respond to of 70976

10:07 [MU,INTC,AMD] PAINEWEBBER SAYS JAN. DEMAND FOR CHIPS 'BETTER THAN EXPECTED'.

To: Donald B. Fuller who wrote (28011)	2/3/1999 8:01:00 PM
From: John Koligman	Respond to of 70976

Donald, OT Here are a couple of threads that deal with these issues. techstocks.com Subject 25021 By the way, the CPA's name is Robert Green, sorry about that. Regards, John

To: Donald B. Fuller who wrote (28011)	2/3/1999 8:21:00 PM
From: Math Junkie	Respond to of 70976

*OFF TOPIC* <<In other words, if you make a decent income, that 2% AGI detail means margin interest, for all practical purposes, is non-deductible, unless it is an enormous amount, which most sane investors would never approach.>> Your investment interest does not have to be greater than 2% of AGI in order to be deducted. If you look at Schedule D and Form 4952, the 2% AGI only gets involved in how much of your other (non-interest) investment expenses you can deduct. The only reason it is a factor in determining how much interest you can deduct is that the basic premise of Form 4952 appears to be that you can only deduct investment interest to the extent of investment income that you report. If your (non-interest) investment expenses are enough to get your "Job Expenses and Most Other Miscellaneous Deductions" over the 2% AGI floor, then they are effectively reducing the amount of investment income you are reporting, so they reduce the amount of interest you can deduct. (Confused yet?) P.S. I am not a tax professional, so anything I say should be independently verified by authoritative sources. ftp.fedworld.gov ftp.fedworld.gov ftp.fedworld.gov