European Stars And Stripes (Newspaper) - October 16, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday october 16,198b investor s guide by Bill Doyle q. Three Yean ago i invested �7,000 of my individual retirement account Money in a Mutual fund. Just before the october 1987 crash the to count balance was in excess of �8,000. It promptly fell id $5,500.1 then redeemed the Mutual fond in secs and put he 55,500 into in insured Ira certificate of depos it at a i recently passed age to i i must Start making withdraw als Tram my Ira. Can i deduct the $ ,500 loss when i file my income tax return my broker says no be cause it was in an a. If 1 can would Yoti please rile the applicable internal Revenue code Section or internal Revenue service nil ing a. 1 can t. The broker is Correct. No part of the nation s lax Laws and no irs ruling Al lows you Totake a capital loss Tor a bad Ira invest ment. The Money you have Inaa Ira As Well As what it earns in inter Doyle est dividends and or gain in Market value remains sheltered from in come tax until you Lake it Oul when you make withdrawals you arc required to report every Dollar you get As taxable income. When the value of Mutual fun shares stocks or anything else you have in an Ira drops you Are not permitted to take a tax loss. This applies whether you re making the required withdrawals after reach ing 70vj or making penalty free withdrawals after age 59 a. 6.1 have a self directed Ira at brokerage firm in which 1 own Var ious securities including 1,571 shares of a Mutual fond. The fund paid i dividend almost two month Sago. That dividend amounting to several Hundred dollars has not been credited to my account. Two Neeks ago my broker advised me he had contacted the Mutual fund lie said he was old a Stop payment would be put on the missing dividend Check and � Check would be issued within five working Days. As of today that Money has not reached my account. I phoned the fund and was advise there is absolutely nothing it can do about this since the Check would go to the brokerage firm and my broke would have to do the inquiring. Surely. 1 can do something. Should write to the Sec a. It s True that your broker will have to get this straightened out. All securities in a self directed Ira Are in Street name registered in the brokerage firm s name. The brokerage acts As your you Are the Benefi Cial Holder the real owner. Dividends Are sent to the Holder of record the brokerage. More often than not Money trans fers such As that Are done by wire rather than by Check. Your broker age probably received one Large payment from the Mutual fund for dividends on All its Street name accounts. Then it s up to the broker age to credit the Correct amount to each account. It s unlikely the fun sent the brokerage a separate Check for your dividend. Although the fault might lie with the fund or the Check might be lost in the mail i suspect your broker is being Liss than forthright with you and that his firm fouled up. You can write the secs office of consumer affairs 450 fifth st., n.w., Washington . 20549. Business Market hit recovery High last week then retreated York up the Stock mar Ket posted a recovery High last week and then quickly backtracked amid con Cerns Over the Trade deficit and the Dollar. The Dow Jones Industrial average which slipped 0.18 Friday closed the week at 2133.18. For the week the Blue Chip Index lost 17.07 monday however the Dow gained about 9 Points to close at 2158.96, the highest doling level since last october s Market Market failed to extend the acc of cry High slipping Back on tuesday and tumbling wednesday when the Dow plunged 30.23,analysts blamed the pullback on re mors concerning the . Merchandise Trade deficit report for August which was released thursday that the data would be disappointing proved justified. The August Trade deficit widened to $12.2 billion up from $9,5 billion in of the Sellers returned to the Market thursday and the Dow Rose on Friday three generally favourable economic reports were offset by further declines in the Dollar and the Market closed narrowly late York trading Friday the Dollar had fallen to 126.85 yen Down from the previous close of 127,60, and 1.8060 Marks Down from 1.8 j 45.the government said retail sales declined 0.4 percent in september while Industrial production was unchanged. Fund prices both figures were below addition the producer Price Index Rose by 0.4 percent last month which was in line with Market forecasts. The numbers tended to confirm the message of the August and september employment data which is that the econ omy continues to slow said Hugh John son head of the investment policy com Mittee at first Albany corp. We Are starting to Sec some sort of economic response to the tight credit conditions of the past year Johnson said. But there is a Subtle Compo nent that is presenting a problem and that s the Johnson said an Early Advance Friday was a measured response to the eco nomic rather than a robust one because of the Dollar s decline in the Dollar is present ing a bigger hurdle with each passing Day Johnson said there is concern that further weakness could elicit a response from the fed. The fed might be forced to snug monetary policy a notch or intervene in the foreign Exchange markets to defend the both instances those responses would constitute a do Facto tightening of monetary policy. As a result there is a possibility that the Road to lower interest rates might not be As Quick and smooth As previously Market indicator Alto lest ground on the week. The York Slock Exchange composite Index fell 1.35, to 155.46. Standard & poor so Filock Index lost 2.s7, to close the week at 275.50. Declines Ted advances 1,101-721,among the 2,135 issues traded. Big Board volume totalled 735,226,790 shares com pared with 83j,283,430 the previous week and i. 2 billion a year the nose trading floor Cente rior Energy was the most Active Issue Down v4, to 13 a. The Stock is trading sex dividend when issued followed unchanged at 9 Petroleum was third up tit to 21, As takeover rumours continued. Ism Rose 3-Yto 119%. Ism Friday reported a Strong increase in sales and shipments in the third Quarter. Earnings Rose to 12.10, up from �2.00. At to added i last week to 26 farms jumped 10 i to 51v. Tyson foods late tuesday Ott Ned to acquire the company for 1451 share along with an additional Slock consideration. Best product Rose to 26w. The company agreed to be acquired for$27.50 a share by the investment firm of Rose to 49 w. The company said it had entered into definitive contracts to sen substantially All of its Oil and Gas subsidiary for More than $7.3 billion. Wickes cos. 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