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