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