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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:
> 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:
> > If I gain $1000 on security A, and later lose $1000 on the same
> > Feel free to drop a line if you know the answer. Thanks.- Hide quoted text -
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