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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (107248)	3/4/1999 5:06:00 PM
From: Paul Merriwether	Read Replies (1) \| Respond to of 176387

<< Steven if you bought 100 Dell shares at 50, the stock then runs to 80 and splits, you can sell 50 shares at 40 for a $10 capital loss and still hold half of your original purchase. >> Creative Accounting(CRA101)! Man, I would never ever pay taxes on my investments if I could use the technique detailed above!!!

To: Lizzie Tudor who wrote (107248)	3/4/1999 5:12:00 PM
From: Grant	Respond to of 176387

M, Think I need another drink to catch up with this Math. Grant

To: Lizzie Tudor who wrote (107248)	3/4/1999 5:14:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

reif you bought DELL at $50... But if you bought at $50 after the split your price is actually $25, isnt it? So you still have a capital gain. Freeus But I wont tell if you wont.

To: Lizzie Tudor who wrote (107248)	3/4/1999 5:29:00 PM
From: Fangorn	Read Replies (1) \| Respond to of 176387

Michelle, I wouldn't try to use that reasoning with the IRS unless you like penalties, courtrooms and such. Hope you haven't filed a return using that strategy. The basis on the 50 you sell for 40 is 25, the basis splits along with the stock.

To: Lizzie Tudor who wrote (107248)	3/4/1999 5:38:00 PM
From: Mark Peterson CPA	Respond to of 176387

Michelle, please allow me to correct what should occur vs. what does occur. When you report a split adjusted gain, the basis in the stock (your cost) also gets divided by two. So if you sell 50 shares at $40, which you bot for $50 pre-split, the basis, post split, is $25, thereby resulting in a $15 gain, long term or short term, depending on your holding period. By the way, taxpayers have a right to order their "affairs" in a manner that reduces their overall tax detriment. However, this is pushing the interpretation of the tax regulations to new levels of elasticity. (But if I was you and looking for "how to pay for my whippy cool car" or "how am I ever going to afford to live on Las Trampas Ridge by John Madden..." I may be inclined to follow your lead. Remember the Boston Tea Party! Best regards, Mark A. Peterson