Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: Notesfiles; site trsvax.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxj!ihnp4!inuxc!pur-ee!uiucdcs!trsvax!tbul From: tbul@trsvax.UUCP Newsgroups: net.invest Subject: Re: Long term gains = 6 mths Message-ID: <52900028@trsvax.UUCP> Date: Wed, 19-Sep-84 13:14:00 EDT Article-I.D.: trsvax.52900028 Posted: Wed Sep 19 13:14:00 1984 Date-Received: Tue, 25-Sep-84 21:12:39 EDT References: <52900026@trsvax.UUCP> Lines: 38 Nf-ID: #R:trsvax:52900026:trsvax:52900028:000:1188 Nf-From: trsvax!tbul Sep 19 12:14:00 1984 < Upgrade your VAX to a TRS-80 > Unless I am mistaken, those stocks purchased before June 22, 1984 will have to be held for 1 year to qualify for long-term status. Those purchased on or after June 22 will qualify for long-term status after 6 months. Say you bought the stock on June 21, 1984. Instead of waiting for the full year for long term status, why not sell it, wait a month (to prevent 'wash sale' status) and buy it again? In this way you can cut your year wait for long-term status by a few months. Of course, if the stock rises when you don't own it, you lose... Example: case 1 Buy stock on June 21, 1984 long term status on June 22, 1985 case 2 Buy stock on June 21, 1984 sell stock on Oct 1, 1984 buy same stock on Nov 2, 1984 - wait one month to prevent wash sale long term status on Apr 3, 1985 - saves nearly 3 months Of course, in two months or so, this method will be worthless... case 3 Buy stock on June 21, 1984 sell stock on Dec 1, 1984 buy same stock on Jan 2, 1985 - wait to prevent wash sale long term status on June 3, 1985 - saves a few days only Thomas Bulkowski allegra!convex!ctvax!trsvax!tbul Fort Worth, Texas