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ArmStock2009

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ArmStock2009

Re: None

Monday, 12/21/2009 10:26:28 AM

Monday, December 21, 2009 10:26:28 AM

Post# of 343919
I got a tax question. I know we have a smart bunch here so any input will be appreciated.

Lets say I bought $1000 worth of grdo this year and lets say I am at $1500 with the current pps.

If I sell this year I have to pay taxes on the $500 profit correct?

But lets say I don't sell this year and sell next year when the PPS is at $3000 do I have to pay taxes on the $3000 ? or $2000 profit? (so does it count that I spent $1000 to buy a year before?)

Am I right?

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