Aurinia Pharmaceuticals Inc (AUPH)

[Zeppo]

Whoa....let a newbie in to work on the latest question. Short term capital gains equal ordinary income tax rates and can be from 10% to 39% for assets held for less than a year. Depending on income brackets, long term gains can run from 0% to 19%. Waiting 30 days to repurchase a stock only is important if the original stock was sold at a loss. A 31 day "wash sale" rule takes over. Should the stock be repurchased before 31 days have expired, the capital loss will not be able to be deducted. When one has a gain, a stock can be repurchased anytime after the sale without consequence, but the gain is still recorded. The IRS rules are all over the net.