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CURRENT STOCK TRADES WILL BE TAXED FOR 1990

Reminder to investors who will be making last-minute portfolio changes this week:

Internal Revenue Service rules say that if you make a trade up through the last day of 1990, the gain or loss on the investment counts for the 1990 tax year, even if the trade settles in 1991.

A few years ago, the IRS allowed investors to trade in the last five days of the year and choose later whether to apply the transaction to the old tax year or the new, since the trades would be settled in the new year (it generally takes five days to settle). But that choice has since been taken away.

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