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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: JOHN CHEN who wrote (369)	5/6/1999 9:30:00 AM
From: Tom Hua	Respond to of 2908

John, IS.com lives in Europe. Tom

To: JOHN CHEN who wrote (369)	5/6/1999 9:33:00 AM
From: James Yu	Respond to of 2908

Wash Sale --- Assuming that he has to be taxed as a resident --- My understanding is: based on the wash sale rule, if he bought at $26 and out at $24, and then re-entered at $20, he cannot claim the $2 loss until he sells the replacement, so his cost base for this stock will be $20+($26-$24)=$22 instead of $20. If he sells this stock next year, say for $100, then his profit will be $78, not $80. If he sells the stock this year, then it really does not matter. Please correct me if I am wrong... Thanks. --James

To: JOHN CHEN who wrote (369)	5/6/1999 10:07:00 AM
From: RockyBalboa	Respond to of 2908

If I am not traveling, I live in Central Europe. I have never been to the States for more than 90 days. My own country has a harsh taxation on realized capital gains but they don't know the instrument of "wash sales" As drakes353 and others mentioned, pls give it a rest now and turn to profitable ventures, eg. Net Perceptions. My English appears to sound funny, as it is not my mother-tougue. eom. IS.com

To: JOHN CHEN who wrote (369)	5/6/1999 10:11:00 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 2908

Mr. Chen. It appears as you have got it, or you are on the right track. If I live within U.S. territory for quite a time, I am, in the I.R.S. definition no longer a "non-resident" alien. IS.com

To: JOHN CHEN who wrote (369)	5/6/1999 10:14:00 AM
From: chester lee	Read Replies (1) \| Respond to of 2908

John Chen. Would you be the same John Chen that runs Sybase, as mention on Page 313 of this month's Forbes?? chester