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To: Think4Yourself who wrote (39037)	3/5/1999 11:55:00 AM
From: marc chatman	Respond to of 95453

<<Main thing I got from it was that it is no longer valuable for deferring taxes.>> Except, perhaps, for that small loophole the article mentions in the last paragraph. But that wouldn't apply to FGI at this point unless we're talking about a non-calendar tax year. Also, I didn't think anyone other than Holloway had that many FGI shares.

To: Think4Yourself who wrote (39037)	3/5/1999 12:26:00 PM
From: upanddown	Respond to of 95453

Ken Re: shorting against the box For anyone who trades in both IRA and taxable accounts, one way to handle this technique is to long the stock in the IRA and short it on the taxable side. Any loss on the short side is deductible while the IRA trade has no immediate tax consequences. A loss on the short side also has the effect of transferring funds from taxable to IRA since the corresponding gain on the long side increases the IRA value. I can't say this with any certainty but FWIW, a CPA told me that it would be perfectly legal. If anyone disagrees, I would appreciate hearing about it. John