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Re: Lurker from Mars post# 127524

Sunday, 10/22/2006 1:17:31 PM

Sunday, October 22, 2006 1:17:31 PM

Post# of 311080
mksdaddy-so let me get this right. sell shares and take 28% out for taxes. in other words you'd have to buy back in when the stocks 28% down to get the same number of shares and you'd still have to pay the irs it's 28%. If the stock goes down over 28% you can get more shares than you sold. sounds like you'd have to be pretty sure of that kind of a drop to chance it and it'd have to be a lot of shares for any kind of increase to your original holdings. If it doesn't go down 28% not only are you out the 28% for the IRS from your profits but you've lost shares and account value. I'm just trying to understand the logic vs the irs of flipping.
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