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Post# of 89565
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Re: Mack post# 3574

Thursday, 05/03/2001 9:59:49 AM

Thursday, May 03, 2001 9:59:49 AM

Post# of 89565
It is certainly a strange scenario. I guess theoretically, if we were still holding OPHD as of 1/1/02, then we would have to pay short term gains on the .83/share. If we sell, then if we take a loss, then it would wash. The only actor is that you can only write off $3000, so theoretically, you are having to pay taxes on money that is truly yours and not the governments. This was money that was simply taken out of the price, and given back to shareholders. Very confusing. Will make our lives miserable around tax time next year!

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