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| Tax question | ||
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From: Brian Hiller <cisd...@gmail.com>
Date: Thu, 22 Oct 2009 19:51:48 -0700 (PDT)
Local: Thurs, Oct 22 2009 10:51 pm
Subject: Tax question
If I gain $1000 on security A, and later lose $1000 on the same
security, all in the same tax year, will they break even without tax involved, or will the $1000 gain still be taxed? Feel free to drop a line if you know the answer. Thanks. You must Sign in before you can post messages.
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From: Elvis Jiang <idontcheckema...@gmail.com>
Date: Fri, 23 Oct 2009 06:47:20 -0700 (PDT)
Local: Fri, Oct 23 2009 9:47 am
Subject: Re: Tax question
the gain of $1000 will be taxed, let us 30%. the lose of $1000 will
be taxed too. IRS will reimburse 30% of lose to you if your single tax rate is 30%. so, it is like break even. that is what i learn from my accounting class. On Oct 22, 10:51 pm, Brian Hiller <cisd...@gmail.com> wrote:
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From: Frank <frank1...@gmail.com>
Date: Sun, 25 Oct 2009 07:11:58 -0700 (PDT)
Local: Sun, Oct 25 2009 10:11 am
Subject: Re: Tax question
yes, you can always write-off your gains from any security with losses
from any security or up to $3,000 of your earned income. You must wait 30-days if you take a loss in a security to buy it back, otherwise the loss gets rolled into your cost basis. On Oct 23, 8:47 am, Elvis Jiang <idontcheckema...@gmail.com> wrote:
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