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-Chuck-

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-Chuck-

Re: None

Tuesday, 01/06/2009 8:55:06 AM

Tuesday, January 06, 2009 8:55:06 AM

Post# of 6266
Regarding Capital Gains Taxes...

I'm currently invested in a penny stock, and two others have given me money to invest into it for them. How will the taxes work on something like this? Just assuming for the sake of argument that I turn a profit, will I pay capital gains on the entire amount? Will they be taxed separately when I give them their profit?

Can anyone shoot me some info about this? Thanks...
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