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thelimeyone

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thelimeyone

Re: smartmoney77 post# 41139

Saturday, 08/26/2006 3:55:06 PM

Saturday, August 26, 2006 3:55:06 PM

Post# of 203990
Reinvesting it makes no difference its still a short term capitol gain, you got the profit what you did with it is immaterial. Also be aware of the "wash rule". i.e you sell a POS stock that you are losing on & claim the loss, but then you buy back in ha ha they got you on that too. if you reinvest within 30 days they ignore the sale. to avoid the wash rule after you sold at a loss you must let 30 days pass before reinvesting. good info is to be had at http://clearstation.etrade.com/education/tax.shtml. tlo.

"I know nothing"
-Manuel,
"They who can give up essential liberty to purchase a little temporary safety,deserve neither liberty or safety"
-Benjamin Franklin
"The people are the only sure reliance for the preservation of our liberty" -T.Jefferson

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