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To: socrates who wrote (116857)	4/12/1999 11:01:00 PM
From: Ex-INTCfan	Read Replies (1) \| Respond to of 176388

Socrates -- I don't believe that is correct. IMHO, what you have heard is mere Sophistry, unless it involves an IRA. Pehaps the bean counters in the crowd could render an opinion. INTCfan (Consult your tax advisor -- I'm a Marketing and Internet guy!)

To: socrates who wrote (116857)	4/13/1999 10:11:00 AM
From: Kenneth Aird	Respond to of 176388

I suggest you get a subscription to thestreet.com and check out the archives of their column on taxes for traders. If I remember correctly, if you qualify as a professional trader, you can "mark to market" your positions at the end of the year. As a result you do not have to worry about the wash sale rule, and all of your transactions are taxed as ordinary income. You can keep separate "investment" accounts for long term holdings which can then be taxed as long term capital gains. There are a lot of restrictions on who can claim to be a professional trader, and they are getting even stricter, apparently to avoid a glut of internut traders trying to write off their losses against earned income. Ken