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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Esteban who wrote (790)	4/12/1999 3:58:00 PM
From: RavMan	Read Replies (2) \| Respond to of 1383

All: Does anyone know how to calculate taxes on the employee stock purchase plan? The shares that are bought through employee stock purchase plan (Not the STOCK OPTIONS), usually it is referred as ESPP and you get to buy shares at 85% of the market price. If I sell the shares within a week after they are posted to my account do I just as a short term sale. Thanks, Rav

To: Esteban who wrote (790)	4/12/1999 7:56:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 1383

Esteban, I'd suggest to discuss these specific issues with your own tax-advisor who is appraised of all the facts. Here's a few comments as I leave this discussion: The accounts are in one partner's name for reasons unrelated o money supply. General Motors is a real trade or business. General Motors does not run the trade or business through the checkbook / account of the president. I don't believe a bona-fide trader status operation should do so either. They each assume real and equal risk of gain or loss. "so what?" "at risk" has NOTHING to do with qualifying for trader status. The "at risk" rules are something entirely different. declaring trader status and MTM remain for 1999, Dead-line for 1999 is April 15th, no excuses! Good Luck! Colin