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Author: jreddy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121146  
Subject: Tax Help Needed Date: 12/10/1997 7:23 PM
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I recently joined the Fooldom. Until April '97, I always filed a 1040 EZ (you know what I mean). But things have changed since and need some advice for this year taxes. My scenario is as follows:

1) buying (twice a month) employer stock at 15% discount from 7/97; stock price has been going up 5~7% since.
2) put $5K in to Foolish Four on 12/1/97. Looks like I might break even or have to take a loss.

I don't have any plans to sell any of these stocks this year. For these two investments, do I need to file a Schedule D?

If I have to, how would I calculate capital gains for the employer stock? Do I just take the total money invested from 7/97 to 12/31/97 and subtract it from the present value of the investment to calculate the gains?

Thanks in advance for your help.
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